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A survey of American consumers has found that attitudes toward the American economy fell sharply over the past month.
The University of Michigan Consumer Surveys said the Consumer Sentiment Index fell to 50.8 this month from a final reading of 57.0 in March.
Director of Consumer Surveys Joanne Hsu says the decline in confidence was widespread and unanimous across age, income, education, geographic region and political affiliation.
She adds that respondents reported numerous warning signs that increase the risk of recession: expectations for business conditions, personal finances, income, inflation and labor markets all continued to deteriorate this month.
Interviews for the survey were conducted between March 25 and April 8, meaning they include "Liberation Day" and the fallout from Donald Trump's sweeping tariffs.
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