US Consumer Sentiment Slides While Inflation Expectations Jump
- U.S. Consumer sentiment dropped to 52.2 in April, the lowest reading since the late 1970s, according to the University of Michigan.
- Consumers expect inflation to rise at a 6.5% pace over the next year, the highest since 1981, according to the survey.
- The University of Michigan noted that 60% of respondents commented on the impact of tariffs on their financial outlook.
- Procter & Gamble Co. Estimated that tariffs could add up to $1.5 billion to its annual costs, impacting product pricing.
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Consumer confidence in the US falls by the fourth month
Washington. US consumers’ confidence in the country’s economy and that of their families fell in April for the fourth consecutive month and expectations of inflation performance rose to peaks in 1981, in a context of concern about the economic impact of tariffs.
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Total News Sources61
Leaning Left4Leaning Right5Center25Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
12%
C 74%
15%
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