Reported about 11 hours ago
Consumer sentiment has continued to decline for three consecutive months, reaching its lowest level since 2022 due to rising fears of job losses and persistent inflation. A recent survey indicated that nearly half of consumers feel high prices are harming their financial situation, and over 60% are worried about unemployment increasing in the coming year. While inflation expectations have slightly decreased, the concerns about the economy's impact on spending decisions could affect overall economic growth.
Source: YAHOO