Consumer confidence falls to 5-year low

US consumer confidence fell nearly nine points in April to 86 and reached its lowest since May 2020, driven by growing fears about tariffs, the economy and jobs, according to the Conference Board.

The decline marked a fifth straight monthly decline—the longest streak since 2008. 

Consumer expectations for the next six months hit the lowest level since 2011. Views on current conditions also weakened. 

More Americans expect worsening business conditions and fewer jobs ahead, with the job outlook now at a 16-year low. 

Inflation expectations rose to their highest since 2022, and more consumers expect higher interest rates. 

Corporate leaders warn that weaker sentiment could reduce demand and drive up prices, adding pressure to an already fragile recovery.