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Joanne Hsu

Gasoline prices are displayed at a Sunoco station in the Brooklyn borough of New York City, U.S., March 31, 2026. REUTERS/Shannon Stapleton
May 8, 2026

US consumer sentiment hits record low in early May

U.S. consumer sentiment dropped to a record low of 48.2 in early May, driven by higher gasoline prices and concerns over household finances, according to the University of Michigan survey.

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