Consumer Sentiment Slips on Trade Fears
Worries about how the Trump administration’s trade policies will impact the U.S. economy prompted a dip in consumer confidence this month, although sentiment remained at a historically high level.
The University of Michigan on Friday said the preliminary result of its consumer-sentiment index was 97.8 in April, down from a 14-year high of 101.4 in March. The preliminary April reading fell short of the 100.0 that economists surveyed by The Wall Street Journal expected.
Source link: https://www.wsj.com/articles/consumer-sentiment-slips-in-early-april-1523628853?mod=pls_whats_news_us_business_f