The final survey of U.S. consumer sentiment in June fell to an all-time low of 50, reflecting broad angst about high inflation and especially record gas prices.
The numbers: The final survey of U.S. consumer sentiment fell to an all-time low of 50 in June, reflecting broad angst about high inflation and especially record gas prices.
Big... The numbers: The final survey of U.S. consumer sentiment fell to an all-time low of 50 in June, reflecting broad angst about high inflation and especially record gas prices. Big picture: The worst U.S. inflation in 40 years is taking a toll on the economy. Consumers are balking at higher prices and seeing their standard of living decline and businesses struggling to cope as well.
For now, economists are split on whether a recession is likely and those who predict one believe it probably won’t happen until next year or the year after.
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