U.S. consumer mood edges up from historic low as inflation fears linger
TL;DR Summary
The University of Michigan’s final April consumer sentiment index fell to 49.8, the lowest on records dating to 1952, but rose slightly from the preliminary reading after a ceasefire announcement and softer gas prices. Despite the modest rebound, Americans remain worried about finances as year-ahead inflation expectations jumped to 4.7% from 3.8% in March—the largest one-month rise since April 2025—leaving overall sentiment just below levels seen in mid-2022 when inflation peaked.
Topics:business#consumer-sentiment#economic-outlook#economy#gas-prices#inflation-expectations#university-of-michigan
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