US Consumer Sentiment Falls as Inflation Expectations Climb
- Short-term inflation views rose to 3.2% in April from 2.9%
- University of Michigan sentiment index at 77.2 vs 79.4
Pedestrians carry shopping bags in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
US consumer sentiment fell in April on dimmer views of personal finances and the economy as inflation expectations climbed.
The University of Michigan’s final April index fell to 77.2 this month from 79.4 in March, according to figures issued Friday. The median estimate in a Bloomberg survey of economists called for the gauge to hold at its preliminary reading of 77.9.