Summary

• U.S. consumer sentiment fell to a record low of 49.8 points in April, the weakest reading in data going back to 1978.
• Inflation expectations rose sharply, with consumers now expecting prices to increase by 4.7% over the next year.
• Oil market disruptions linked to the war with Iran and the Strait of Hormuz have pushed Brent crude near USD 106 per barrel.

By Krzysztof Kamiński

U.S. consumer sentiment deteriorated sharply in April, falling to a record low. The University of Michigan Consumer Sentiment Index declined to 49.8 points from 53.3 points in March, marking the weakest reading in data going back to 1978. The

808 Followers