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Expectations fell across the board, but the decline was particularly prominent among middle-income families. Prices remain a top concern.

US consumer sentiment has fallen again with a key barometer dropping, while businesses are weighing how to navigate an uncertain future.

Consumers picked up their spending in June after an earlier pullback, despite anxiety over tariffs and the state of the U.S. economy.

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WASHINGTON (AP) — U.S. consumer sentiment fell slightly in May for the fifth straight month as Americans increasingly worry that President Donald Trump’s trade war will worsen inflation.

U.S. consumer sentiment fell to one of the lowest readings on record and long-term inflation expectations climbed to the highest since 1991 on fears of the economic fallout from tariffs.

The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, declined 2.7% on a monthly basis to 50.8, the lowest since July 2022.