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U.S. Consumer Sentiment Remains at Decade-Low on Inflation, War

  • University of Michigan gauge drops slightly from early March
  • Buying attitudes stay at record lows amid price pressures
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Not All Inflation Is Bad
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U.S. consumer sentiment continued to worsen in late March to a fresh decade low as inflation erodes incomes, heightened by uncertainty over Russia’s invasion of Ukraine.

The University of Michigan’s sentiment index dropped to 59.4 from 59.7 earlier in the month, data released Friday showed. The median estimate called for no change in a Bloomberg survey of economists.