The University of Michigan Consumer Sentiment Index decreased 5.7% in August compared to the month prior, landing at 58.2, according to final results for the month. The August figure was down 14.3% from a year ago. The current conditions component of the index fell 9.3% from the month prior, landing at 61.7, while the consumer expectations index decreased 3.1% to 55.9.
The real value of bank deposits goes beyond yield
Bank deposits deliver different — and more — value than stablecoins do. Comparing them on only one dimension obscures the picture.
