U.S. consumer sentiment fell to a record ​low in April as households shrugged off a ceasefire in the war with Iran, remaining focused on the inflation ‌fallout from the conflict.

Consumer sentiment at lowest level in more than 70 years

U.S. consumer sentiment fell to the lowest level in nearly four years in April as the war with Iran fanned inflation fears, a survey showed on Friday.

Consumer Sentiment Index was revised to 49.8 from the initial 47.6 April reading and 53.3 in March, according to data released by the University of Michigan Survey of Consumers on Friday.

Consumer Sentiment Index was revised to 49.8 from the initial 47.6 April reading and 53.3 in March, according to data released by the University of Michigan Survey of Consumers on Friday. One-year inflation expectations: +4.