US consumer sentiment fell again amid rising rates, war and inflation

“Inflation has been the primary cause of rising pessimism, with an expected year-ahead inflation rate at 5.4%, the highest since November 1981,” said Richard Curtin, chief economist for the University of Michigan Surveys of Consumers. “Inflation was mentioned throughout the survey, whether the questions referred to personal finances, prospects for the economy, or assessments of buying conditions.

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