U.S. Consumer Sentiment Hits Record Low 47.6 as Hormuz Rally Masks Economic Fractures
U.S. consumer sentiment collapsed to a record low of 47.6 in April as gasoline hit $4 per gallon, even as Iran's Hormuz diplomacy sparked a sharp global risk-on rally. German business and consumer confidence also fell to multi-year lows. IMF chief economist Pierre-Olivier Gourinchas warns the energy shock could rival the 1970s oil crisis.
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