Consumer Sentiment Plummets to 15-Month Low Amid Tariff, Inflation Worries

Consumer sentiment plummeted to its lowest level since November 2023 this month, according to the final report for the Michigan Consumer Sentiment Index. The index dropped 6.4 points (-9.0%) to 64.7, marking the largest monthly decline since May and falling short of the 67.3 forecast. Sentiment is now down 15.9% from a year ago, the steepest annual decline since late 2022.