Ankura's April update on key U.S. economic indicators reveals a stark drop in consumer sentiment, reaching its lowest point since June 2022, driven by anxieties over trade wars and the economic outlook. Despite this pessimism, the report highlights positive trends such as the rise in non-farm payroll employment by 228,000 jobs and a stable unemployment rate. Retail and new vehicle sales saw a significant boost, likely due largely to preemptive consumer spending ahead of anticipated tariffs. Inflation has slightly eased, yet the cost of living remains a concern, and fears of a recession weigh heavily on U.S. consumers’ minds.
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