Consumer sentiment rebounds slightly after hitting lowest level on record

Americans still feel lousy about the economy and worry that the US-Israeli war with Iran will continue to push up prices.

The University of Michigan’s final consumer sentiment reading for April measured 49.8, a slight improvement from the preliminary report earlier this month but still at the lowest level ever on records that go back to 1952.

“After the two-week ceasefire was announced and gas prices softened a touch, sentiment recovered a modest portion of its early-month losses,” Joanne Hsu, director of the university’s Surveys of Consumers, wrote in a statement.

The Middle East conflict has roiled the global economy and left Americans

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