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Benzinga
  • 12 hours ago
U.S. consumer sentiment fell to a record low of 49.8 in April, down from 53.3 in March, as Iran war-driven fuel costs weighed on households. Gasoline stayed above $4/gallon and diesel above $5. One-year inflation expectations rose to 4.7% from 3.8%, while five-year expectations increased to 3.5%. The decline was broad across political groups and income levels, with lower-income households most affected.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. consumer sentiment fell to a record low in April as households focused on inflation from
00:07the Iran conflict. The consumer sentiment index fell to a record low of 49.8, improving slightly
00:14from an earlier reading of 47.6. Economists expected a reading of 48.0, while the index
00:20stood at 53.3 in March. The decline was broad across political groups and investors. The war
00:25disrupted shipping in the Strait of Hormuz and raised oil, gasoline, and diesel prices.
00:30Gasoline stayed above $4 per gallon and diesel above $5. One-year inflation expectations rose
00:37to 4.7% from 3.8%, while five-year expectations increased to 3.5%. Economists said higher fuel
00:46costs will slow consumption, with lower-income households most affected.
00:50For all things money, visit Benzinga.com.
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