US Consumer Sentiment Drops, Price Expectations Soar on Tariffs: University of Michigan Survey
- President Donald Trump's tariffs have raised inflation expectations to 4.9 percent, the highest since November 2022, according to Wall Street Journal journalists.
- The University of Michigan's Consumer Sentiment Index dropped to 57.9, the lowest level since November 2022, according to the University of Michigan.
- Fifty-Seven percent of Americans surveyed believe Trump's economic moves are too erratic and harmful, as stated in a Reuters/Ipsos poll.
- Economist Rebecca Patterson highlighted that consumer sentiment drives the U.S. Economy and that fears of higher prices impact spending decisions.
102 Articles
102 Articles
The backbone of the US economy flashes stagflation warnings as uncertainty spikes on tariffs and layoffs — 'storm clouds are forming'
A recent survey of small businesses raised numerous red flags about the economy, including trends that point toward potential stagflation pressure. That's as President Donald Trump keeps companies guessing on what he will do next on federal layoffs and tariffs, raising uncertainty about prices, costs, and expansion plans. Small businesses are the backbone of the American economy as they employ the vast majority of workers, and they are flashing …
'Bleak': Industries report 'slowdown in consumer demand' as recession fears intensify
Economist and former New York Times columnist Paul Krugman is warning that between steep tariffs on longtime U.S. allies, extensive layoffs of federal government workers, and mass deportations, President Donald Trump's policies may trigger a major recession in the United States. And the Dow Jones Industrial Average has been quite volatile in response to the trade war that Trump is waging against Canada, Mexico and other countries.According to Wa…
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