* The index of consumer sentiment dropped to 50.8, down from 52.2 in April and hitting its second-lowest reading on record. * The majority of the survey was completed before the U.S. and China announced a 90-day pause on most tariffs between the two countries. * The trade situation appears to be a key factor weighing on consumer sentiment.

[A woman walks in an aisle of a Walmart supermarket in Houston, Texas, on May 15, 2025.]Ronaldo Schemidt | Afp | Getty Images A woman walks in an aisle of a Walmart supermarket in Houston, Texas, on May 15, 2025. U.S. consumers are becoming increasingly worried that tariffs will lead to higher inflation, according to a University of Michigan survey released Friday.

The index of consumer sentiment dropped to 50.8, down from 52.2 in April, in the

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