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.
61 Articles
61 Articles
Experts dismiss market fears amid tariff concerns
Investors and consumers are feeling pessimistic about the U.S. economy, with recession fears growing stronger due to ongoing trade tensions and tariffs. The latest University of Michigan consumer survey noted an 8% decline in sentiment since March, driven by concerns over inflation, unemployment, and personal finances. This negative mood isn't exclusive to consumers. According to the American Association of Individual Investors, there has been a…
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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