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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Michigan consumer sentiment index shows how much Americans' confidence is shattered
Economists predict a spending pullback by U.S. consumers because their sentiment fell for a fourth consecutive month, plunging to its second-lowest level in more than 70 years, as back-and-forth, on-again, off-again tariffs whipsaw Americans. The 11% decrease from March in…
·Brunswick, United States
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Total News Sources131
Leaning Left26Leaning Right15Center53Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 28%
C 56%
R 16%
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