Consumer sentiment plummets to record low as Iran war jacks up inflation
Consumer sentiment plummeted to its lowest level on record due to frustration with price spikes from the US-Israeli war with Iran.
The University of Michigan’s latest consumer survey released Friday showed that sentiment declined 11% early this month to a reading of 47.6, lower than anything seen in the post World War II era, including during the Great Recession, the pandemic downturn and the historic inflation surge afterward.
http://www.msn.com/en-us/news/us/consumer-sentiment-plummets-to-record-low-as-iran-war-jacks-up-inflation/ar-AA20ARVC
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