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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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U.S. consumer confidence fell to a record low in April as concerns about rising energy prices and the broader effects of the Iran conflict weighed on sentiment, according to a University of Michigan survey released on April 10.
The University of Michigan’s Consumer Sentiment Index dropped to 47.6, down 10.7% from March and the lowest level on record. The survey’s current conditions and expectations indices also declined by double digits month over month.
The decline in sentiment coincided with a sharp increase in inflation expectations. Respondents forecast prices would rise 4.8% over the next year, up 0.1 percentage point from March and the highest since August 2025.
The report also cited that the five-year inflation expectation in April 2025 had been 6.5% after President Donald Trump announced a “Day of Liberation” tax plan.
Joanne Hsu, Director of the Survey, said the responses “show that many consumers blame the Iran conflict for the unfavorable changes in the economy.”
She added that most of the surveys were conducted before the ceasefire announced on April 7, so the data largely reflect March conditions.
Hsu said economic expectations may improve if consumers believe supply disruptions from the Iran conflict have ended and gasoline prices have cooled.
The survey was released shortly after the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 0.9% in March, bringing the 12-month inflation rate to 3.3%. The BLS said most of the increase came from energy prices, while food prices were little changed.
Five-year inflation expectations in the University of Michigan survey rose to 3.4%, up 0.2 percentage points from the previous month, but remained below 1 percentage point from a year earlier.

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