Episode Details

Consumer sentiment plummets in March, driven by soaring gas prices and volatile stock markets due to the Iran conflict. The University of Michigan index drops to 53.3, the lowest in three months, with middle and higher income individuals experiencing the steepest declines. Inflation concerns escalate, with one-year ahead expectations surging to 3.8%. The future of sentiment hinges on the conflicts duration and potential relief in gas prices and inflation.

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