Wu Blockchain (@WuBlockchain): US Consumer Sentiment Falls Near Historic Low Amid Rising Inflation Concerns

US Consumer Sentiment Falls Near Historic Low Amid Rising Inflation Concerns US consumer sentiment fell to 44.8 in May, marking a third consecutive monthly decline and nearing the record low seen in June 2022, according to the University of Michigan. The survey showed 57% of consumers said high prices were hurting their personal finances. One-year inflation expectations rose from 4.7% to 4.8%, while long-term inflation expectations climbed from 3.5% to 3.9%.