Consumer sentiment plunges to record low as inflation accelerates

By Zach Halaschak
Published June 10, 2022 4:58pm ET
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Consumer sentiment plunges to record low as inflation accelerates
Consumer sentiment fell to record lows in June as the economy struggles with inflation. | (Mark Lennihan/AP)

Friday brought more bad news for President Joe Biden as consumer sentiment sank to record levels just hours after the release of a worse-than-expected inflation report.

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Biden Administration Consumers Federal Reserve Inflation Money