Refinitiv Newscasts - Trading at Noon: US consumer sentiment slumps to a six month low

Blue Bird

12/05/2023 17:52

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Source: Reuters

Description: U.S. consumer sentiment slumped to a six-month low in May as a
standoff to raise the federal government's borrowing cap fanned worries about
the economy's outlook.The University of Michigan's preliminary reading on the
overall index of consumer sentiment came in at 57.7, the lowest reading since
last November and down from 63.5 in April.A planned meeting between President
Biden and top Congressional leaders to discuss the debt limit has been
postponed until early next week.
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Video Transcript:

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