Economics: US consumer

Fears over US inflation and a possible growth slowdown in the American economy appear to be momentar...

Fears over US inflation and a possible growth slowdown in the American economy appear to be momentarily justified but are nothing to be overly concerned about, according to economists. High energy rates and the figure of unsold houses rising sharply in the US have driven the US consumer sentiment measure to a seven-month low, the same as it was in post-hurricane Katrina. However, considering the strong histories of these forces it appears to be a far from serious problem for the US market. Some strategists believe that the current volatility, although worrying, will be short-lived and not p...