U.S. consumer sentiment slips to six-month low: Univ. of Michigan

Consumer sentiment fell in July, the University of Michigan said. The index fell to 97.9 from 98.2 in June, as both the assessment of current economic conditions and expectations fell. Economists expected a 97.3 reading. "Despite the expectation of higher inflation and higher interest rates during the year ahead, consumers have kept their confidence at high levels due to favorable job and income prospects," the University of Michigan said.

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