SPY News: Consumer sentiment craters further as inflation expectations soar to highest since 1981 - 12th Apr 2025, 12:34am

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Consumer sentiment tumbled further in April as the impacts of President Trump's tariff policies were top of mind.

The latest University of Michigan consumer sentiment survey released Friday showed sentiment hit its lowest level since June 2022. The index slid to a reading of 50.8, below the 57 seen last month and the 53.8 expected by economists.

Pessimism over the inflation outlook soared again, as one year-inflation expectations jumped to 6.7% — the highest since 1981 — from 4.9% th...

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