Consumer sentiment in the U.S. has plummeted to its lowest in nearly two and a half years, primarily driven by rising inflation expectations and uncertainty from President Trump’s tariffs. Both consumers and businesses express concerns about future economic conditions, with reported difficulties in planning due to fluctuating economic policies. With inflation expectations soaring, opinions from financial experts indicate that Trump’s trade policies may undermine long-term economic viability, creating challenges for Federal Reserve monetary policy decisions. The Consumer Sentiment Index stood at 57.9, indicating a significant decline and erasing post-election gains for consumer confidence.
The consumer is frightened and sees sharply higher prices ahead despite the assurances from Washington that trade tariffs are good for the economy.
Consumers are facing frequent gyrations in economic policies, making it very difficult for them to plan for the future amid ongoing trade tensions.
The University of Michigan said its Consumer Sentiment Index dropped to 57.9, the lowest level since November 2022, reflecting growing fears about inflation and the economy.
Trump 2.0 policies are harming the economy and the future prosperity of America, as uncertainty surrounding tariffs risks derailing economic expansion.
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