Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Consumer confidence fell to the lowest for the fifth month in April, since the first days of the Coven-19 pandemology, the President Trump’s trade policy has further increased inflation expectations and weighed on labor worldview.
This Consumer Confidence Index of Conference Council The 86th reduction for April 86, from 42.9 readings from March and 88 readings expected by economists.
In March 133.5 on April 133.5, “current situation index” measuring consumer assessment
Last month, from 65.2, the “Expectations Index”, which follows the short-term worldview of consumers, was the lowest in October 2011. Historically, a less than 80 in this category is signed with a recession over the next year.
Meanwhile, 12-month inflation expectations reached 7% in April – at the highest level in November 2022, when the United States is struggling with an unusual price increase.
It should be noted that the survey was taken until April 21, which means the time period is measured President Trump’s shock “Freedom Day” Tariff announcement. Economists say the incident was affected by the response due to the potential impact of national importance and consumer perceptions.
“It says that this is the consumer (trade uncertainty),” Yelena Shulatyatyeva said in an interview with the severity of these tariffs on Yahoo Finance. ” And actually expect tariffs to affect their finances and affairs. “
Read more: What Trump’s tariffs mean for your economy and wallet
Conference Council, 32.1% of consumers, less than six months in the next six months, he said he would not be seen in the height of great decline since April 2009. In addition to these concerns, Separate information The Labor Department released on Tuesday brought a four-year lower down in March.
“It’s a terrible thing,” said Shulatyatyeva, gave information about the deterioration. “We probably expect more increase in unemployment rate.”
As concerns about inflation and weakening business market, the worldview for future income has become negative for the first time, “the economy concerns are now concerned about their personal situation,” the press release. “
