A survey of consumer sentiment fell to a four-month low of 62 in March on growing worries about a recession.
The final reading in March was down from an original 63.4, the University of Michigan said. The index registered 67 in February.
Consumer sentiment helps gauge how Americans feel about their own finances as well as the broader economy. The collapse of Silicon Valley Bank and ensuing turmoil in the U.S. banking system only had a “limited impact,” said Joanne Hsu, director of the survey.
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