Preliminary data released by the University of Michigan on Friday showed U.S. consumer sentiment has unexpectedly slumped to its lowest level in over a decade in February.The report showed the consumer sentiment index tumbled to 61.7 in February from 67.2 in January, hitting its lowest level since October of 2011. The drop surprised economists, who had expected the index to inch up to 67.5."The re...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.