U.S. consumers felt less confident about economic conditions in April than in March as gasoline prices soared, reinforcing nascent concerns that growth in the United States may be on the brink of a slowdown, according to a Reuters report Friday.
The University of Michigan said its measure of confidence slid to 88.7 so far this month from 92.6 in March, according to market sources who saw the subscription-only report. Analysts had forecast a more modest dip to 91.5.
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