Consumer Sentiment Plunges to 2-Year Low: Tariff and Inflation Worries Persist
Friday, 14 March 2025, 17:15
Consumer Sentiment Decline: Key Factors
- Consumer confidence in the U.S. is wavering as economic pressures mount.
- The University of Michigan reported a preliminary index of 57.9, down from 64.7 last month.
Economic Indicators of Concern
This index, which measures consumer sentiment, is at its lowest point since November 2022. Tariffs and persistent inflation are key contributors to this decline, indicating potential challenges ahead for economic growth.
Anticipated Consumer Behavior
- Rising costs could lead to reduced spending.
- Ongoing inflation fears may hinder consumer spending power.
The financial markets will closely monitor these changes as they assess the broader economic impact.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.