financetom
Economy
financetom
/
Economy
/
US consumer sentiment, inflation expectations deteriorate sharply in April
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US consumer sentiment, inflation expectations deteriorate sharply in April
Apr 11, 2025 7:41 AM

WASHINGTON (Reuters) - U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions.

The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dropped to 50.8 this month from a final reading of 57.0 in March. Economists polled by Reuters had forecast the index falling to 54.5.

"This decline was pervasive and unanimous across age, income, education, geographic region and political affiliation," said Surveys of Consumers Director Joanne Hsu.

"Consumers report multiple warning signs that raise the risk of recession: expectations for business conditions, personal finances, incomes, inflation, and labor markets all continued to deteriorate this month."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Maltese soldiers seize small tanker hijacked by migrants, vessel docks at Valletta
Maltese soldiers seize small tanker hijacked by migrants, vessel docks at Valletta
Mar 28, 2019
A small tanker that was hijacked by migrants off Libya docked in Malta's port of Valletta on Thursday after Maltese special forces took control of the vessel, a Reuters witness said. Cargo ship Elhiblu 1 had picked up 108 migrants stranded at sea, some of whom then hijacked the vessel when it became clear that it planned to take them back to Libya. Maltese police arrested four men and the remainder of the migrants were disembarked and boarded onto buses, the witness said. A Maltese military patrol boat stopped the ship from entering Maltese waters and a special operations team was then dispatched to board and secure the vessel, the Armed Forces of Malta (AFM) said in a statement on Thursday.
Raghuram Rajan offered his views to Congress on minimum income guarantee scheme
Raghuram Rajan offered his views to Congress on minimum income guarantee scheme
Mar 28, 2019
Former Reserve Bank of India governor Raghuram Rajan on Thursday said that he advised Congress on the minimum income guarantee...
Pakistan condemns Indian test as militarization of space
Pakistan condemns Indian test as militarization of space
Mar 28, 2019
Prime Minister Narendra Modi said on Wednesday that India had successfully tested a space missile system by striking a Low Earth Orbit satellite, an act that he said propelled India as a space power.
Tamil Nadu government opposes Sterlite plea to carry out maintenance work at Tuticorin plant
Tamil Nadu government opposes Sterlite plea to carry out maintenance work at Tuticorin plant
Mar 28, 2019
In its interim prayer, the Vedanta group has sought permission to take up maintenance work at the plant saying several hazardous chemicals were stored there.
Copyright 2023-2025 - www.financetom.com All Rights Reserved