Consumer Trends Economic Trends Market Trends The Ashton Report

Debt-Ceiling Crisis Depressed Consumer Confidence In May


As they say, actions have consequences. Both major measures of consumer confidence fell again in May as consumers became increasingly gloomy about the jobs market and the future economic outlook. Joanne Hsu, the University of Michigan’s Surveys of Consumers director, in her report on May’s 7% decline in the Consumer Sentiment Index, noted that a…

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