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(Yahoo! Finance) Consumer sentiment hits second-lowest reading on record
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We've now experienced five straight months of steeply declining Consumer Sentiment, and are now flirting with entering record low territory.
The numbers would seem to speak for themselves. Consumers are in an extremely dour mood.
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Pessimism over the inflation outlook soared again as one-year inflation expectations jumped to 7.3% — the highest since 1981 — from 6.5% the month prior. Just four months ago, consumers had expected inflation of 3.3% over the next year.
--"One gets the sense that the American household is under rising stress and this survey captures what is clearly an elevated discontent of the consumer," RSM chief economist Joe Brusuelas wrote following the release.


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We've now experienced five straight months of steeply declining Consumer Sentiment, and are now flirting with entering record low territory.
The numbers would seem to speak for themselves. Consumers are in an extremely dour mood.