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US consumer sentiment rebounds slightly after hitting lowest level on record
Americans still feel lousy about the economy and worry that the US-Israeli war with Iran will continue to push up prices. The University of Michigan’s final consumer sentiment reading for April measured 49.8, a slight improvement from the preliminary report earlier this month but still at the lowest level ever on records that go back to 1952. The Middle East conflict has roiled the global economy and left Americans grappling with a spike in gas prices, higher inflation and growing uncertainty about their finances. The war and its economic fallout comes at a time when Americans were already navigating high costs of ... (full story)
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US consumer sentiment showed some improvement amid a two-week ceasefire between the US and Iran, but it's still at record lows, according to new data from the University of Michigan. The Index of Consumer Sentiment showed consumer sentiment ended April with a final reading of 49.8, above the 48.5 reading economists expected but marking the lowest level on ...