Consumer Sentiment Dips to 8-Month Low Despite Easing Inflation Expectations U.S. consumer sentiment unexpectedly dropped to an eight-month low in early July, according to the University of Michigan’s preliminary reading. Despite expectations for easing inflation, consumers remain frustrated with persistently high prices, which are eroding living standards. The sentiment index fell to 66 from 68.2 in June, contrary to economists’ predictions of a slight increase. While consumers’ inflation expectations for the next year and the long term decreased slightly, nearly half of the respondents spontaneously expressed concerns about high prices impacting their quality of life. This decline in sentiment comes despite recent data showing cooling inflation, highlighting the ongoing impact of price pressures on consumer perceptions of the economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts BlackRock's Larry Fink Sounds Alarm on America's Mounting Debt Crisis READ MORE ZeroHedge: $1 Trillion Per 100 Days READ MORE US Jobless Claims Decline Again, Signaling Labor Market Strength READ MORE Top Financial CEOs Caution Against Complacency in Face of Global Threats READ MORE Silver Achieves Major Milestone, Outpacing Gold's Gains READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment