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U.S. Consumer Confidence Sinks to Two-Year Low as Tariff Worries Mount

  • 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.

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