Consumers’ mood as grim as early-80s (Reuters)

Consumer sentiment plunged in May to the lowest since June 1980 thanks largely to soaring food and fuel prices, according to the latest (University of Michigan survey of consumers. REUTERS/Graphics/Reuters)Reuters - U.S. consumer confidence tumbled to a 28-year low this month as rising prices strained household finances, while another drop in single-family housing starts underscored problems still plaguing the economy.




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