Economics
Mounting Inflation Fears Push U.S. Consumer Sentiment Lower
- University of Michigan sentiment gauge trails all estimates
- Consumers concerned about rising gas, home and auto prices
This article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.
U.S. consumer sentiment deteriorated unexpectedly in early May as Americans grew increasingly concerned about rising prices.