Inflation worries rise for American consumers, yet spending endures
American consumers are once again expressing growing unease about the state of the economy, specifically due to renewed concerns over inflation. This sentiment marks a significant shift after several months of improving confidence. A recent University of Michigan survey shows that consumer sentiment has fallen, driven by heightened anxieties about rising prices. This change in attitude is not just a fleeting emotion; it's a reflection of deeper worries about purchasing power and the future of the job market.A significant element contributing to this renewed sense of pessimism is the surge in anticipated inflation. Forecasts for both immediate and future inflation…
