Consumer Sentiment Falls To Record Low on Gas Prices, Inflation Fears

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Treasury yields surge as U.S. consumer sentiment plunges to a record low of 44.8, down from 49.8, the lowest since the Great Recession and COVID. Sentiment fell 10% month‑to‑month, 14% year‑to‑year, amid rising oil prices from Strait of Hormuz disruptions.
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