U.S. Consumer Sentiment Falls to Record Low as War-Linked Inflation Rises
The source says Americans are growing more negative on the economy as the U.S.-Israeli war with Iran pushes up inflation, driving sentiment to its lowest level in data dating back to 1952.
Summary
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Terms & Concepts
Inflation: A sustained rise in prices that reduces consumers’ purchasing power over time.
Consumer sentiment: A measure of how households view current and future economic conditions, often used as a gauge of spending confidence.