US Consumer Sentiment Craters in October as Inflation Fears Mount
American shoppers have had it. Consumer sentiment sank again in early October, sliding to 46.3 on the University of Michigan’s closely followed index — the second-worst reading since the survey began in 1952. Only this past May’s record low of 44.8 was gloomier. The preliminary October number, released Friday, missed expectations badly. Economists polled by … Read more