Mmastodon BusinessEconomy first seen 3 h ago, last 54 min ago, peak #8
US consumer sentiment nears record low on inflation squeeze
Original: Consumer sentiment🚨dropped in Sept close to the lowest level ever recorded in the 74-yr history of the Univ of MI's mont
Consumer sentiment in the United States fell sharply in September, coming close to the lowest level ever recorded in the 74-year history of the University of Michigan's monthly survey. Fresh data released Friday showed shopper attitudes soured as persistent inflation squeezed household budgets and an underlying oil supply shock added further pressure on consumers.
Why now: The near-record drop in a closely watched sentiment index signals worsening pressure on household finances, drawing attention to inflation and energy costs.
University of MichiganUnited Statesconsumersoil market
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/269880