TLDR Tech / Marketing
Consumer sentiment falls 6%, hit by declining stocks, higher gas prices
Consumer sentiment fell 6% to its lowest level this year as the Iran war pushed up gas prices and slashed stock values. Short-term economic outlooks dropped 14%, and personal finance expectations fell 10%. Gasoline prices and stock market losses hit middle- and upper-income households hardest. Sentiment could worsen if the conflict persists, with headline inflation expected to reach 4.2% and growth slowing to 2% this year.
Read the full story