US Consumer Sentiment Wanes in Late January to Decade-Low on Inflation Concerns

Sentiment among U.S. consumers remained subdued in mid January, deteriorating to a decade-low, as high inflation and the Covid-19 Omicron wave weighed on moods. The final reading of the index of consumer sentiment compiled by the University of Michigan was 67.2 in January, below the preliminary estimate of 68.8 and down from 70.6 in December. …

The post US Consumer Sentiment Wanes in Late January to Decade-Low on Inflation Concerns first appeared on Hellenic Shipping News Worldwide.

https://www.hellenicshippingnews.com/us-consumer-sentiment-wanes-in-late-january-to-decade-low-on-inflation-concerns/