Inflation is heating up, a trade war is brewing and American consumers aren’t feeling great about the economy. That’s a toxic mix for businesses.
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday, with inflation seemingly stuck and a trade war under President Donald Trump seen by a growing number of Americans as inevitable.
Over 75% of Americans say they are cutting back spending and over half are electing to put off plans to account for the changing economic climate, according to a new Wells Fargo report.
A report from the Conference Board shows Americans are increasingly worried about inflation, driven in part by President Trump's threats to impose new tariffs on imports.
Tuesday's Conference Board data on U.S. consumer confidence dealt a massive blow to sentiment and played its part in driving Wall Street to a five-week low. The report showed heightened inflation expectations fueled by President Trump's rapid-fire moves over trade and tariffs,
There’s other concerning economic data. This week’s consumer confidence index by the Conference Board made for rough reading, with inflation gripes being a dominant theme. Yet Stephanie ...
The economic consensus of the moment is that higher prices are the same as inflation, and the Fed is the only governmental entity situated to bring down higher prices. It’s a dangerous consensus. Prices are how a market economy organizes itself.
The CPI report for February to be reported in March is expected to show cooling inflation per nowcasts, but even so the FOMC may remain patient in cutting rates.
The Conference Board points to concerns over tariffs and inflation, pessimism about future employment opportunities, and less optimism about future income. "The good news is, for what it's worth ...
Consumer confidence declined sharply in February, notching its biggest monthly decline in nearly four years as uncertainty related to Trump's trade policy also lifted inflation expectations, according to new data released Tuesday morning.
The Associated Press on MSN9d
Next Week: consumer confidence, new home sales, inflation updateConfidence check The Conference Board issues its latest consumer confidence report ... Confidence has remained relatively strong, along with consumer spending, despite pressure from inflation. Consumer confidence, by month: Sept. 99.2 Oct. 109.6 Nov ...
5d
Scripps News on MSNConsumer confidence tumbles amid concerns over inflation, labor marketNew evidence of falling consumer confidence was released Tuesday. The nonpartisan, not-for-profit Conference Board reported its Consumer Confidence Index declined 7 points to 98.3 in February.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results