US consumer sentiment, inflation expectations deteriorate sharply in April

U.S. consumer sentiment plummeted in April, accompanied by a surge in 12-month inflation expectations to levels unseen since 1981, fueled by escalating trade tensions. The University of Michigan's Consumer Sentiment Index sharply declined, impacting various demographics. Concerns over business conditions, personal finances, and inflation are raising recession risks. Trade disputes, including tariff escalations between the U.S.