Reported about 12 hours ago
Consumer sentiment fell in August, driven by increasing worries about inflation, with expectations rising to 4.8% from 4.5% in July. The consumer sentiment index dropped to 58.2, showing significant declines across various demographics. Concerns over high prices affected perceptions of buying conditions and personal finances, while expectations for business conditions also contracted. Mixed signals in the labor market and the recent Federal Reserve inflation gauge further complicate economic outlook.
Source: YAHOO