As President Obama travels after his State of the Union speech to rally support for his proposals, he must also deal with a rising mood of pessimism about the economy. Fear of the future must not be allowed to feed on itself.
Consumer sentiment declined from the prior month with a reading of 71.3, the lowest consumer sentiment level seen since December 2011, according to data from the Reuters/University of Michigan Survey of Consumers.
Consumer sentiment rose in October to its highest level since 2007, according to the Reuters/University of Michigan Survey of Consumers.
The consumer sentiment index ticked up to 74.3 in August, with inflation expectations rising to 3.6 percent.