Three cheers for falling consumer sentiment?
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Three cheers for falling consumer sentiment?
The latest data released by the authoritative University of Michigan in its widely respected Survey of Consumer Sentiment has pundits worried. The second monthly drop in consumer confidence of 4.6% suggests declining consumer spending in 2025. The survey reported an unusually high jump of 1% in inflation expectations and a 12% drop in consumer durable buying conditions. Consumers may find the same amount of goods in 2025 unaffordable due to high…
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