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US Consumer Sentiment Falls to Lowest In More Than a Decade
US consumer sentiment declined in early May to the lowest since 2011 as persistent concerns over inflation dimmed Americans’ views on the economy. The University of Michigan’s sentiment index fell to 59.1 from 65.2 in April, data released Friday showed. The figure was lower than all estimates in a Bloomberg survey of economists, which called for a median reading of 64. A gauge of current conditions dropped to 63.6, the lowest in 13 years, while a measure of future expectations declined 6.2 points, erasing most of April’s gains. Consumers expect prices to rise 5.4% over the next year, holding at a four-decade ... (full story)
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From bnnbloomberg.ca|May 13, 2022Copper steadied and aluminum rose after a turbulent week for metals dominated by growing concerns over the state of the global economy. While metals markets were calmer Friday, ...
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From forexlive.com|May 13, 2022|1 commentPrior was 65.2 • Current conditions 63.6 vs 70.5 expected • Expectations 56.3 vs 63.0 expected • 1-year inflation expectations 5.4% vs 5.4% prior • 5-10 year inflation ...
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From goldmoney.com|May 13, 2022The sell-off in gold and silver accelerated this week. Gold traded at $1822 in Europe this morning, down $61 from last Friday’s close, and silver at $20.80 was down $1.50. Comex ...
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From thearmchairtrader.com|May 13, 2022Platinum and palladium prices notched lower over the last few weeks – these are two of the very few commodities that didn’t sustain the price rises caused by the conflict in ...
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From bnnbloomberg.ca|May 13, 2022Russian inflation jumped to the highest level since 2002 as international sanctions imposed over Vladimir Putin’s invasion of Ukraine pressured prices and disrupted supply chains. ...
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- Posted: May 13, 2022 11:05am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,853
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