← Latest news 
US consumer confidence sinks near four year low as prices and Iran tensions bite
Economy
Published on 24 April 2026
Gas eased after a ceasefire, but confidence kept falling
US consumer confidence fell to a near four-year low in April, driven by fears that prices will keep climbing. The Iran conflict is adding pressure through higher oil and commodity costs, even as gas prices dipped slightly after a ceasefire. Americans now expect inflation to stay elevated for both the next year and five years, keeping sentiment muted.
- US consumer confidence hit a near four-year low in April
- Rising price worries are the main driver of declining sentiment
- Iran tensions are pushing up oil and commodity costs
- Gas prices softened, but expectations for inflation remain high
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times