US consumer sentiment falls slightly as outlook for inflation worsens
==========
The University of Michigan's consumer sentiment index fell to 77.9 this month, down from March's figure of 79.4. Americans' outlook on the economy remains largely unchanged this year. The decline in sentiment may be due to an increase in gas prices, which have risen about 7% in the past month. Consumers expect inflation to be 3.1% a year from now, exceeding the Federal Reserve's 2% target but still below the current level of 3.5%.
#UsEconomy #ConsumerSentiment #Inflation #GasPrices
https://abcnews.go.com/US/wireStory/us-consumer-sentiment-falls-slightly-outlook-inflation-worsens-109164475
ABC News /
npub1le…7urw5
2024-04-12 15:19:41
Author Public Key
npub1lepvwjkkmqjm7salca8py6tdd2gvqxzughkytz9elpmzfzkam0ys87urw5Published at
2024-04-12 15:19:41Event JSON
{
"id": "b9314274a064f7b14980c55370c6e6e11db58fd38efd756764b28ab602679db5",
"pubkey": "fe42c74ad6d825bf43bfc74e12696d6a90c0185c45ec4588b9f876248adddbc9",
"created_at": 1712935181,
"kind": 1,
"tags": [],
"content": "US consumer sentiment falls slightly as outlook for inflation worsens\n==========\n\nThe University of Michigan's consumer sentiment index fell to 77.9 this month, down from March's figure of 79.4. Americans' outlook on the economy remains largely unchanged this year. The decline in sentiment may be due to an increase in gas prices, which have risen about 7% in the past month. Consumers expect inflation to be 3.1% a year from now, exceeding the Federal Reserve's 2% target but still below the current level of 3.5%.\n\n#UsEconomy #ConsumerSentiment #Inflation #GasPrices\n\nhttps://abcnews.go.com/US/wireStory/us-consumer-sentiment-falls-slightly-outlook-inflation-worsens-109164475",
"sig": "7bad9c43a931173334ecc28653afe5274233d7c32e44a0ad781d63103f5eed9aecf057141d97be29c8468a928fa970376294bc8f73810a64387e4092c58ac78f"
}