(Ann Arbor, MI) – Consumer sentiment remains at record low levels despite a Middle East ceasefire. The University of Michigan’s final reading for April slid six-point-six percent from one month ago. The survey noted a widespread decline in sentiment across all age and income groups. The survey’s chief economist said sentiment recovered slightly from its early-month losses as gas prices eased after a two-week ceasefire took effect.
The near term inflation outlook remains high while consumers expect to see prices up four-point-seven percent a year from now
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