US Consumer Sentiment Drops, Year-Ahead Inflation Views Fall
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world US consumer sentiment fell in August for the first time in three months on a worsening economic outlook, even as expectations for inflation in the year ahead eased. The University of Michigan’s sentiment index decreased to 51.7 in August, according to data released Friday. The final reading was slightly improved from the preliminary reading and above the median estimate in a Bloomberg survey of economists.