U.S. consumer sentiment fell to 66.0 in July, marking the 4th consecutive monthly decline due to inflation and economic uncertainty.

U.S. consumer sentiment weakened in July, with the University of Michigan's index of consumer sentiment falling slightly to 66.0 from 68.2 at the end of June. The decline marked the fourth consecutive monthly fall, as inflation and economic uncertainty impacted confidence. Inflation expectations improved slightly, with one-year expectations dropping to 2.9% from 3.0% and five-year outlooks falling to 2.9% from 3.0%.

July 12, 2024
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