US Inflation May Not Retreat Easily as Consumer Sentiment Near 2-Year High – Survey

US Inflation May Not Retreat Easily as Consumer Sentiment Near 2-Year High – Survey

WASHINGTON (Sputnik) – A closely-watched survey on US consumer sentiment by the University of Michigan (UMich) has shown the spending appetite of Americans at its highest in two years, a development economists said would not be too encouraging for a Federal Reserve wishing to see a greater decrease in inflation.

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