Michigan Consumer Sentiment Drops To Second-Lowest Reading Ever: Here's Why
The signal here isn't simply that Americans feel bad today — it's that they're becoming much more worried about where the economy is headed.
People in Michigan feel worried about money and jobs coming up soon, not just today. When people feel scared about the future, companies often see fewer customers buying things, so watch if Oracle and other businesses report lower sales.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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