US consumer sentiment fell in April on dimmer views of personal finances and the economy as inflation expectations climbed.
The University of Michigan’s final April index fell to 77.2 this month from 79.4 in March, according to figures issued Friday. The median estimate in a Bloomberg survey of economists called for the gauge to hold at its preliminary reading of 77.9.
Consumers expect prices will climb at an annual rate of 3.2% over the next year, the highest since November and up from the 2.9% expected in March. They see costs rising 3% over the next five to 10 years, ...
