Reported 4 days ago
Consumer sentiment has significantly dropped in April, now at its lowest since June 2022, influenced by concerns over President Trump's tariff policies. The University of Michigan's survey revealed a sentiment index of 50.8, with one-year inflation expectations surging to 6.7%, the highest since 1981. Increased pessimism regarding business conditions and personal finances has heightened recession fears, leaving consumers worried about the long-term economic outlook.
Source: YAHOO