5 Safe Stocks to Buy as Consumer Sentiment Hits 6-Month Low

Rising inflation is igniting fresh fears of an economic slowdown, as the upbeat sentiment among millions of Americans continues to fade fast. Consumers who were confident about the economy’s health till a few months back are now doubtful about the future.The University of Michigan’s preliminary reading on the overall consumer sentiment index came up with a reading of 67.4 for May, its lowest level in six months. Also, this was sharply lower than April’s reading of 77.2 and the consensus estimate of 76.This ...