U.S. consumer sentiment slumps; inflation expectations edge up
Source: Reuters
WASHINGTON, Nov 11 (Reuters) - U.S. consumer sentiment slumped in November amid persistent worries about inflation and higher interest rates, according to a survey on Friday, which also hinted at a sharp slowdown in spending on goods.The University of Michigan's preliminary November reading on the overall index on consumer sentiment came in at 54.7, down from 59.9 in the prior month.The 8.7% decline, which erased…
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