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US consumer sentiment plummets to second-lowest level on records going back to 1952: University of Michigan survey

  • In April, U.S. Consumer sentiment experienced a sharp decline, according to the University of Michigan index.
  • Anxiety over trade wars and rising inflation contributed to the fourth consecutive month of declining sentiment.
  • The University of Michigan's preliminary reading showed an 11% monthly drop, reaching 50.8, the lowest since COVID.
  • Joanne Hsu stated the decline was pervasive across demographics; James Knightley noted 67% feel the government performs poorly.
  • Rising unemployment expectations and long-term inflation concerns to 4.4% signal potential economic instability, economists suggest.
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US consumer sentiment plunges amid trade war and inflation fears

Consumer sentiment fell sharply in April for the fourth straight month as the trade war has fueled worries about the health of the job market and inflation.

·Cincinnati, United States
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Kitco NEWS broke the news in on Friday, April 11, 2025.
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