U.S. Consumer Sentiment Slumps Much More Than Expected In August
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of August.
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of August.
BELLINGS Intelligence Score: 72
Why it matters
The U.S. consumer sentiment slump is a key macroeconomic indicator that materially shifts expectations for Federal Reserve policy, directly impacting credit markets and borrowing costs.
Sources
Nasdaq
U.S. Consumer Sentiment Slumps Much More Than Expected In August
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of August.