US Consumer Confidence Declines Sharply Amid Tariff Worries
US consumer confidence has plummeted to its lowest level in five years, significantly driven by growing concerns over tariffs and inflation. Reports indicate that sentiment levels have fallen to figures not seen since the COVID-19 pandemic began, with economic expectations at a 13-year low. The Conference Board survey highlights pervasive pessimism among Americans, with many projecting worsening economic conditions in the near future. This decline marks a fifth consecutive month of decreasing confidence, raising alarms about the potential impact of ongoing tariff disputes on consumer outlook and overall economic health.
PR Newswire, AP News, CNN, Axios, CNBC, Yahoo Finance, Gallup News, The Hill, WSJ, U.S. News & World Report