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US consumer confidence declines: inflation frightens

Fears for US consumption: forecasts of price pressure is at the highest level in the last 12 years

In November, sentiment among US consumers fell. For the fourth month in a row, therefore, confidence is falling: all the fault of inflation rising again in the expectations of US households, so much so that their medium-term forecasts of price pressure have reached the highest level of the last twelve years. The preliminary data from the University of Michigan consumer sentiment index says so: the...

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