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2026-04-10 22:27:42 According to the preliminary survey released by the University of Michigan on Friday, US consumer sentiment plunged to a record low in April amid rising concerns over higher energy prices and the broader impact of the war in Iran. The university's headline Consumer Sentiment Index fell to 47.6, down 10.7% from March, marking a fresh all-time low. Both the Current Conditions Index and the Expectations Index recorded double-digit MoM declines. The drop in consumer sentiment coincided with a sharp rise in inflation expectations. Survey respondents expect prices to increase 4.8% one year ahead, up 1 ppts from March and the highest level since August 2025. Long-term inflation expectations rose to 3.4% from 3.2% last month, the highest level since November 2025. (to/s)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |