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Consumers began the new year with a decided gloomy outlook.
Consumer sentiment declined in the first weeks of January to its lowest level since Trump was elected, the University of Michigan’s survey showed Friday. The index of consumer sentiment plunged to 90.7 from 98.3, missing economist expectations for a 97 read.
Decline - Prospects - Economy - Outlook - Economy
“The decline was primarily focused on prospects for the domestic economy, with the year-ahead outlook for the national economy judged the worst since mid 2014. The loss was due to a host of issues including the partial government shutdown, the impact of tariffs, instabilities in...
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