U.S. Consumer Confidence fell to a two-year low in April, with an index reading of 50.8, significantly below economists' forecast of 53.8.
Rising concerns over President Trump's sweeping tariffs, particularly the 6.7% inflation expectations, are major factors behind the decline.
Long-term inflation expectations also rose, with consumers now expecting 4.4% inflation over the next five to 10 years.
The survey captured early reactions to Trump's 'reciprocal tariff' announcement, reflecting consumers' concerns about the lasting economic threat of trade policies.