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QVMS - Inflation Fears Send Consumer Sentiment Plunging To A Record Low In Early June
Invesco S&P SmallCap 600 QVM Multi-factor ETF
The preliminary June results from the University of Michigan Surveys of Consumers show overall consumer sentiment plunged again in early June.
The five-year inflation expectations jumped to 3.3 percent in early June.
The plunge in consumer attitudes reflects a confluence of events with inflation leading the pack. Persistent elevated price increases affect consumer and business decision-making and distorts economic activity.