U.S. consumer sentiment plummeted to a seven- month low in August on growing concerns about the economy even as the labor market shows few signs of weakening from robust levels. The University of Michigan’s preliminary sentiment index slumped to 92.1 from July’s 98.4, missing all forecasts in Bloomberg’s survey of economists. The gauge of current conditions decreased to 107.4 while the expectations index dropped to 82.3, bringing both readings to the lowest levels since early this year. Key Insights • The second-lowest confidence reading of Donald Trump’s presidency shows consumers may be poised to offer less of a ... (full story)