It's the question everyone is asking: Are we about to enter a recession?
A tepid stock market, soaring inflation, and rising interest rates have left Americans less than optimistic about the state of the economy. Consumer sentiment has plunged to a record low, according to a University of Michigan survey released last week, fueled by frustration over high prices. Earlier in June, the consumer price index jumped to its highest level in 40 years. The government's primary inflation gauge saw prices surging 8.6% for the past 12 months.
About 79% of those consumers said they expected bad times for business conditions in the upcoming year, the highest level for that metric since 2009. The percentage of consumers who blamed inflation for eroding their living standards, 47% according to the June index, is only one percentage point lower than the all-time high reached during the Great Recession.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Movie theater removes warning sign for lesbian kiss in ‘Lightyear’The sign said the theater was going to fast-forward through the scene that briefly shows a female character kissing her same-sex partner.
Weiterlesen »
President Biden signs gun safety bill following mass shootingsPresident Joe Biden is signing a bipartisan gun safety bill that passed through Congress this week. Here's what it includes:
Weiterlesen »
Technical Analysis: MANA, APE, SAND, RACA, GST, AXS and GALA Price Prediction (June – W3) | CoinMarketCapLast week, NFT and metaverse tokens failed to give bullish signs. Let’s see if they have recovered with the recent bounce! Author: TraderScarpa Editor: YousraAASheikh
Weiterlesen »