Economics
U.S. Consumer Sentiment Falls to Two-Year Low Amid Shutdown
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U.S. consumer sentiment tumbled to the lowest since October 2016 and future expectations dimmed, the latest evidence that the government shutdown is weighing on Americans’ outlook.
The University of Michigan’s preliminary January sentiment index fell to 90.7 from the prior month, missing all estimates in a Bloomberg survey of economists, according to a report Friday. The measures of current conditions and expectations both declined to the lowest since President Donald Trump’s election in 2016.