Decline in consumer expectations since January is steepest since 1990

Decline in consumer expectations since January is steepest since 1990

It was the fourth consecutive month of declines.

Consumer Expectations Crater to Three-Decade Low

“Just three months into President Donald Trump’s second term, Americans’ confidence in the economy’s prospects is plunging,” Politico reports. “The University of Michigan’s closely watched index for consumer expectations has dropped by 32 percent since January, the sharpest three-month decline since the U.S. was rocked by a recession in 1990.” “The survey is the latest warning sign that the economy could enter a recession as Trump and top admini…

Consumers in the US "see" a bleak outlook for the economy, with Democratic voters being almost 3 times more pessimistic than Republicans.