US Consumer Sentiment Falls to Record Low on Inflation (2)

US consumer sentiment fell in April from a month earlier to a record low, reflecting worries around the economic fallout from the Iran war.

The University of Michigan’s final April sentiment index dropped to 49.8 this month from 53.3 in March. While that was slightly improved from the preliminary reading, it remained the lowest in data back to 1978.

Consumers expect prices to rise at an annual rate of 4.7% over the next year, up from 3.8% in March, the data released on Friday showed. That was the biggest one-month increase since President Donald Trump announced sweeping tariffs last ...