April 29, 2025 | by Jim Tyson
Consumer expectations plunge at fastest pace since 1990 recession
Consumer expectations, slammed by high tariffs, fell 32% this year through April in the sharpest drop since the 1990 recession, while expectations for inflation in a year rose from 5% last month to 6.5%, the highest level since double-digit inflation in 1981, the University of Michigan said Friday
