Consumer Sentiment Plunges Further

“Americans turned much more pessimistic about the economy in April as President Trump’s trade war gained steam, according to a closely watched survey of consumer sentiment,” the Wall Street Journal reports.

“The University of Michigan’s consumer-sentiment index, released Friday, nosedived to 50.8 in April from 57 last month. Sentiment has been falling steadily throughout 2025. Expectations for inflation also hit the highest level in 44 years, according to the survey.”

“Sentiment is now at its second-lowest level in history, according to the survey.”