US EditionUS consumer sentiment slumps to record low in April; inflation expectations rise
Consumer expectations for inflation rose to 4.7% as fears over higher gas and commodity prices deepened, the survey showed.
- On Friday, the University in Michigan reported consumer sentiment fell to a record low of 49.8 in April as the war with Iran fanned inflation fears among Americans.
- Disruptions in the Strait of Hormuz, where Tehran effectively closed shipping lanes on February 28, have boosted commodity prices and left Americans grappling with sharply higher gas prices.
- Year-Ahead inflation expectations rose to 4.7% this month, up from 3.8% in March, while current personal finances worsened by 9% in April, Joanne Hsu, director of the University Surveys of Consumers, noted.
- President Donald Trump indefinitely extended the ceasefire with Iran this week, though a Navy blockade of Iranian ports remains in effect and sentiment recovered slightly from the 47.6 reading earlier in the month.
- Consumers' expectations for inflation over the next five years climbed to 3.5% from 3.2% last month, while the index remains at the lowest level ever on records dating back to 1952.
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44 Articles
Omaha World-Herald
Consumer sentiment slumps to a record low
WASHINGTON — U.S. consumer sentiment fell to a record low in April as households shrugged off a ceasefire in the war with Iran, remaining focused on the inflation fallout from the conflict.
kioncentralcoast.com
noticiasya.comBy Alicia Wallace, CNN - Americans continue to feel uneasy about the economy and fear that the ongoing war between the United States and Israel with Iran will continue to push prices higher. The final April reading of the University of Michigan's consumer confidence index came in at 49.8, a slight improvement from the preliminary report earlier in the month, but still at the lowest level on record, dating back to 1952. "After the announcement of…
Consumer Sentiment Plunges To All-Time Lows on Iran War. Why Are Markets At Record Highs?
Key PointsThe University of Michigan's Index of Consumer Sentiment reached an all-time low at 49.8.The gasoline shock from the war is weighing on consumer views about the economy.Stocks have continued to march higher, driven by the AI boom.10 stocks we like better than S&P 500 Index › It only takes a quick drive around the neighborhood to notice that prices have changed since the war in Iran began two months ago. The average price of a gallon of…
U.S. Consumer Sentiment Hits Record Low.
Consumer sentiment in the U.S. has plummeted to its lowest level since 1978, driven by economic uncertainties stemming from the Iran war.PULSE POINTS WHAT HAPPENED: Consumer sentiment crashed to a record low of 49.8 in April, according to the University of Michigan’s Consumer Sentiment Index. This marks the lowest level since data collection began in 1978. DETAIL: The University of Michigan’s Consumer Sentiment Index is a consumer confidence rep…
U.S. consumer confidence hits record low as inflation fears rise | Honolulu Star-Advertiser
WASHINGTON >> U.S. consumer sentiment fell to a record low in April as households shrugged off a ceasefire in the war with Iran, remaining focused on the inflation fallout from the conflict.
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