Pursuits
Consumer Sentiment in U.S. Fell in February to a Four-Month Low
- Americans' confidence eased, though upbeat about finances
- Long-run inflation expectations weakest in records to 1979
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Consumer sentiment declined in February to a four-month low as declining stock prices and weaker global conditions weighed on Americans’ views of the economy.
The University of Michigan’s preliminary index decreased to 90.7 from 92 in January, a report showed Friday. The median projection in a Bloomberg survey called for 92.3. While sentiment cooled for a second month, so did households’ long-term inflation expectations, which declined to the lowest in records to 1979.