US consumers grew more pessimistic about jobs and personal finances in August. Inflation expectations remained largely unchanged, showing little relief for households. Consumers raised unemployment rate expectations to the highest level since April 2020. Their confidence in finding new jobs after a loss also weakened. This outlook faces the Federal Reserve’s upcoming policy meeting.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.