US consumer sentiment declines to 6-month low amid sticky inflation

LANSING, Michigan: According to the University of Michigan's consumer sentiment index, released late last week in a preliminary version, U.S. consumer sentiment fell sharply in May to its lowest level in six months.

Respondents mentioned sticky inflation, high interest rates, and unemployment fears as the main reasons for the decline.

This month, the index dropped to 67.4 from a final reading of 77.2 in A