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Economic Report: U.S. consumer sentiment slumps to a new ten year low as inflation concerns mount

Economic Report: U.S. consumer sentiment slumps to a new ten year low as inflation concerns mount

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The numbers:The University of Michigan’s gauge of consumer sentiment fell to a final January reading of 67.2 , down from an initial reading of 68.8 and well below December’s number of 70.6. Friday’s figure represents the lowest level of consumer sentiment since November of 2011

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