US Consumer Mood Brightens in Early April, Survey Shows

People pay for their purchases at a supermarket in New York, on March 28, 2022. Andrew Kelly/Reuters

U.S. consumer sentiment rebounded unexpectedly in early April from a decade low with the strong job market lifting the outlook for wage growth and a fall in gasoline prices from the previous month’s record high helping to cap expectations for a further acceleration in inflation, a survey showed on Thursday.