U.S. consumer sentiment plummets in early August to decade low
Written by Black Hot Fire Network on August 13, 2021
By Evan Sully and Lindsay Dunsmuir
(Reuters) -U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for the economy as Americans gave faltering outlooks on everything from personal finances to inflation and employment, a survey showed on Friday.
The unexpected reading could give Federal Reserve policymakers pause if it translates in the months ahead to a dent in economic activity. The central bank has been getting closer to a decision on when to begin pulling back the extraordinary stimulus it put in place to . . .
