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The University of Michigan's consumer sentiment index released Friday fell to 77.9, down from 79.4 in March. Economists polled by LSEG had expected a reading of 79.
American households are turning more pessimistic as higher prices for everyday items take their toll.
The latest University of Michigan read on consumer sentiment for April fell to 79.3 after coming in at 82.5 last month. Economists only expected that index to fall to 82.2.
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