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Consumer sentiment hits lowest level since June as fear of recession looms

Por: MarketWatch Business November 11, 2022

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Inflation expectations for the next year rose to 5.1% from 5% in the prior month, while five-year inflation expectations rose to 3% from 2.9% in October. Big picture: Inflation eased somewhat in October, but prices for a typical basket of consumer goods are still rising a historically rapid pace even as rising interests rates are weighing on many sectors of the economy. Fears of a coming recession also weighed on Americans’ confidence about... + full article



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