Consumer sentiment has taken a hit in July, reflecting ongoing concerns about high prices and inflation. The University of Michigan’s Consumer Sentiment Index dropped to 66.4, down from 68.2 in June, indicating a growing wariness among shoppers despite a moderation in inflation’s pace. The divide in consumer spending is widening, with higher-income households feeling more … Continue reading Consumer Sentiment Declines Amid Persistent Inflation Worries: What Does That Mean For Economy?