US consumer sentiment hits fresh record low in May as Iran war fuels inflation worries
The University of Michigan's May Consumer Sentiment Index fell to 50.8, the lowest reading since records began in 1952. Households fear the U.S.-Iran war and oil prices above $100 will fuel inflation. The one-year inflation expectation jumped to 6.2 percent.
CNBC Top News2 h agoWMT TGT XLY