Consumer sentiment crashed to a record low of 49.8 in April according to the University of Michigan's Consumer Sentiment Index. This marks the lowest level since data collection began in 1978 with economic pessimism cutting across political party, education, age, and socioeconomic dividing lines.
Consumer sentiment in the U.S. has plummeted to its lowest level since 1978, driven by economic uncertainties stemming from the Iran war . PULSE POINTS WHAT HAPPENED: Consumer sentiment crashed to a record low of 49.8 in April, according to the University of Michigan’s Consumer Sentiment Index. This marks the lowest level since data collection began in 1978. DETAIL: The University of Michigan’s Consumer Sentiment Index is a consumer confidence report published monthly by the university’s Institute for Social Research. The index incorporates data gathered through questions about individual economic circumstances, as well as short- and long-term economic expectations. In the most recent survey, published on Friday, the Index revealed…Open
PULSE POINTSWHAT HAPPENED: The U.S.–Israeli bombardment of Iran has disrupted global fertilizer and oil supplies, putting economic strain on American farmers.WHO WAS INVOLVED: American farmers, the U.S. and Israeli governments, Iran, and global fertilizer and oil markets.WHEN & WHERE: The conflict began a week ago, impacting the Strait of Hormuz and U.S. farms.KEY QUOTE: “You […] The post American Farmers Struggle as Iran War Sparks Fertilizer Crisis, Surge in Fuel Costs. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: The U.S.–Israeli bombardment of Iran has disrupted global fertilizer and oil supplies, putting economic strain on American farmers . WHO WAS INVOLVED: American farmers, the U.S. and Israeli governments, Iran, and global fertilizer and oil markets. WHEN & WHERE: The conflict began a week ago, impacting the Strait of Hormuz and U.S. farms . KEY QUOTE: “You can’t even buy it right now if you wanted to,” said Chet Edinger, a South Dakota farmer, on the fertilizer situation. IMPACT: Rising costs for fertilizers and diesel, potential farm bankruptcies, and increased consumer prices for food. IN FULL The ongoing U.S.–Israeli military operation against Iran is beginning to disrupt global supply chains, with…Open