US consumer sentiment sees largest drop since 1990 after Trump tariff chaos
Experts warn of slowing economy after score based on Americans’ financial outlooks fell by 32% since January
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4h agoIn addition to stoking fears of higher inflation, the Trump administration’s trade policies are elevating anxiety about the economy and labor market.
Consumer sentiment fell for a fourth consecutive month in April and is now at its lowest level since July 2022, according to the University of Michigan's Surveys of Consumers.
There’s also an extremely wide gap between consumer sentiment about current conditions and expectations, and there has been for years now.