#TariffPause

The Michigan Consumer Sentiment Index improved slightly from preliminary April results, but the surveys still showed that consumers have their worst feelings about the economy since July 2022.

The decline in sentiment abated somewhat after President Donald Trump announced an April 9 pause in some tariffs, though the report showed several warning signs for the economy.

Inflation expectations remained at the highest recorded levels since 1981, as consumers still expect price increases to come from the ongoing trade disputes.