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News in English (USA) / 14.03.2025 / 17:00

US Consumer Sentiment Plummets Amid Inflation and Trade War Fears

Recent surveys indicate a significant decline in American consumer sentiment, with fears regarding inflation and ongoing trade tensions exacerbating the decline. Consumer confidence has reached its lowest level in over 29 months, as uncertainties surrounding tariffs and economic conditions loom large. The latest University of Michigan survey reported a drop to 57.9, worse than anticipated, with increasing inflation expectations contributing to the negative outlook. Notably, even among Republicans, confidence appears to be waning, signaling broader economic concerns. Analysts urge caution in interpreting these declines, yet the fear of a recession continues to cast a shadow over consumer confidence.
CNN, The New York Times, The Hill, CNBC, USA TODAY, Financial Times, MarketWatch, ABC News, The Wall Street Journal, Axios