US consumer sentiment declined in early May to a six-month low as short-term inflation expectations and concerns about the job market picked up. The University of Michigan’s index slid to 67.4 in May from 77.2.
Joanne Hsu, economics director for the University of Michigan, speaks to Bloomberg’s Michael McKee about the results.
Read more: https://www.bloomberg.com/news/articles/2024-05-10/us-consumer-sentiment-slumps-as-inflation-expectations-rise?srnd=homepage-americas
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