Consumer sentiment nosedived in April to the lowest level since the peak of the postpandemic inflation surge as President Trump's trade battles shake the global economy.

Sentiment dropped 8.4 percent from March to April and was down 32.4 percent from a year ago, according to the University of Michigan Survey of Consumers, falling to the lowest point since July 2022.

Current economic conditions dropped a “modest” 6.3 percent, while expectation fell by just more than 10 percent to mark an annual decline of 37.8 percent.

Year-ahead inflation expectations as measured by the........

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