USย Consumerย Sentiment Slips to Five-Month Low on Inflation
USย consumerย sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale. The University of Michiganโs finalย sentiment indexย eased to 48 from 48.1 in September, according to the survey released Friday. Even so, that was an improvement from the preliminary reading and topped all estimates in a Bloomberg survey of economists. Joanne Hsu, University of Michigan Surveys of Consumers Director joins to discuss. (Source: Bloomberg)