US Consumer Sentiment Slips as War Worries Start to Mount

US consumer sentiment declined to a three-month low as fears mounted in recent weeks about the impact on gasoline prices from the war with Iran.

The preliminary March sentiment index dropped to 55.5 from 56.6 in February, according to the University of Michigan. The survey period included responses from Feb. 17 to March 9. The median estimate in a Bloomberg survey of economists called for a reading of 54.8.