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 Global Bond Markets Surge Amidst Softening US Job Openings READ MORE Zimbabwe Keeps Interest Rate at 20%, Predicts Inflation Below 5% by Year-End READ MORE Election-Year Politics Add Volatility to Already Strained Bond Markets READ MORE Gold Prices Climb Near $2,350 Amid Holiday-Thinned Trading READ MORE Gold Hits New Peak: Why It's Just Getting Started READ MORE Add a Comment Cancel replyYour email address will not be published.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