Potential impact of trade war on jobs and inflation sends US consumer sentiment plunging
By CHRISTOPHER RUGABER, Associated Press Economics Writer
WASHINGTON (AP) — Consumer sentiment fell sharply in April, the fourth consecutive month of declines, as an intensifying trade war fueled anxiety over American jobs and rising inflation.
The University of Michigan’s closely watched consumer sentiment index, released Friday, fell 11% to 50.8, the lowest since the depths of the pandemic.
The decline was “pervasive and unanimous across age, income, education, geographic reg