High U.S. inflation leaves consumer sentiment stuck at almost 11-year low
The numbers: The final reading of U.S. consumer sentiment in March fell slightly to 59.4 and stayed at a nearly 11-year low because of high inflation and angst about the Russian invasion of Ukraine.
What’s more, the greatest share of Americans since the mid-1940s said they expect their financial situation to get worse in the year ahead, according to the survey Big picture: Americans aren’t happy about much right now — and the threat of more disruptions in their lives from the war in Ukraine is adding to their anxiety.
Americans are already paying a lot more for cars, homes, rent food, gas and other staples. The Russia-Ukraine conflict could also prices even higher. Both countries are major exporters of oil, wheat and other key commodities.
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