The University of Michigan Consumer Sentiment Index decreased 5% in August compared to the month prior, landing at 58.6, according to preliminary results for the month. The August figure was down 13.7% from a year ago. The current conditions component of the index fell 10.4% from the month prior, landing at 60.9, while the consumer expectations index fell 0.9% to 57.2.
ABA DataBank: Fed rate hike reset
Hotter-than-expected inflation data in April pushed financial markets to sharply revise expectations for Federal Reserve monetary policy.









