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US consumer sentiment falls in late July as coronavirus cases rise and federal aid gets set to expire

From marketwatch.com

Americans grew more worried about the economy toward the end of July after a fresh outbreak of coronavirus cases chipped away at the recovery and cast doubt on how quickly the U.S. will rebound from the worst health-care crisis in a century. The final reading of the consumer sentiment survey in July slipped to 72.5 from an initial 72.9, the University of Michigan said Friday. The level of sentiment is now barely above the pandemic low, erasing most of the momentum gained in late May and June as large swaths of the economy reopened. What happened: Consumers expressed less confidence in the current state of the ... (full story)

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  • Category: Low Impact Breaking News