Preliminary: Consumer sentiment fell in August
The University of Michigan Consumer Sentiment Index decreased 7.6% in August compared to the month prior, landing at 51, according to preliminary results for the month. The post Preliminary: Consumer sentiment fell in August appeared first on ABA Banking Journal .
The University of Michigan Consumer Sentiment Index decreased 7.6% in August compared to the month prior, landing at 51, according to preliminary results for the month. The post Preliminary: Consumer sentiment fell in August appeared first on ABA Banking Journal .
BELLINGS Intelligence Score: 65
Why it matters
The preliminary decline in the University of Michigan Consumer Sentiment Index is a key macroeconomic data point that could influence Federal Reserve rate expectations and credit market conditions, making it a significant monetary-policy signal for credit professionals.