UM Consumer Sentiment Index Hits New Record Low; Conference Board’s Consumer Confidence Index Also Falls

As we’ve been writing for months, American consumers are really spooked by inflation. So much so that the University of Michigan’s Consumer Sentiment Index fell another two-tenths of a point in the final June reading, surpassing the record low it reached in the preliminary June reading. The index goes back to 1946! As Joanne Hsu,…