Consumer sentiment hits record low, inflation fears rise amid Iran war
The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.
Last updated: 2026-04-10 16:51:37 ET
The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.
The survey’s initial April reading came in at 47.6, versus 53.3 in March. Analysts polled by The Wall Street Journal were expecting a drop to 52.
Views sour on business conditions, personal finance and inflation expectations soar
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Weakening consumer sentiment in the overall economy is weighing heavily on mortgage demand from both homeowners and homebuyers.
Spot Bitcoin ETFs draw $471 million in their strongest daily inflow in weeks, while Ether funds return to gains despite cautious sentiment.
Demand for either currency strengthens both in a reinforcing relationship, contrary to popular sentiment, Sam Lyman told Cointelegraph.
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