Consumer sentiment fell below the previous month’s record low as higher gasoline prices exacerbated shoppers’ concerns about the U.S. economy, according to the initial reading from the University of Michigan’s monthly survey.
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Energy Costs Continue to Feed Inflation, Fed’s Beige Book Shows
U.S. businesses endured another month of energy-driven price increases and economic uncertainty in the third month of the Iran conflict, according to a recent survey from the Federal Reserve. Source…
