Episode Details

Consumer sentiment in the U.S. plummets to a record low of 47.6, down from 53.3 last month, as oil prices surge and inflation fears escalate. The University of Michigan survey reveals a grim economic outlook across all demographics, with consumers now expecting a 4.8% inflation rate over the next year. The recent ceasefire between the U.S., Israel, and Iran may offer a glimmer of hope, but the impact on consumer confidence remains to be seen.

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