Consumer Sentiment Slips on Trade Fears

Mony
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Worries about how the Trump administration’s trade policies will impact the U.S. economy prompted a dip in consumer confidence this month, although sentiment remained at a historically high level.

The University of Michigan on Friday said the preliminary result of its consumer-sentiment index was 97.8 in April, down from a 14-year high of 101.4 in March. The preliminary April reading fell short of the 100.0 that economists surveyed by The Wall Street Journal expected.

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