Consumer confidence plummets to lowest level since January 2021
CNN
America’s economic mood continues to deteriorate as President Donald Trump carries on with his sweeping economic agenda.
America’s economic mood continues to deteriorate as President Donald Trump carries on with his sweeping economic agenda. Consumer confidence slid 7.2 points this month to a reading of 92.9, the Conference Board said Tuesday in its latest survey, extending a decline that began in December, after the US presidential election. March’s decline was similar to February’s, underscoring the growing pessimism among US consumers. Not only are Americans expecting higher inflation this year, but more of them are also predicting that the economy will slip into a recession, the Conference Board survey showed. That toxic combination of weakening growth and accelerating inflation resembles “stagflation,” and Federal Reserve officials also see the US economy trending in that direction. This story is developing and will be updated.
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