Rising fears of Trump tariffs pummel US consumer confidence to four-year low [View all]
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Source: The Guardian
US consumer confidence plunged to the lowest level in more than four years in March, with households fearing a recession in the future and higher inflation because of tariffs.
The Conference Board said on Tuesday that write-in responses to the survey showed “worries about the impact of trade policies and tariffs in particular are on the rise”, adding: “There were also more references than usual to economic and policy uncertainty.”
a building
Federal Reserve cuts US economic growth outlook amid Trump tariffs
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The survey’s measure of future expectations hit a 12-year low and breached a level associated with an economic downturn.
Separately on Tuesday, the ratings agency Moody’s cautioned that the US’s fiscal strength was on track for a continued multi-year decline, as budget deficits widen and debt becomes less affordable. In a report, it said the country’s fiscal health deteriorated further since Moody’s lowered its outlook on the US triple-A rating in November 2023.
Read more: https://www.theguardian.com/business/2025/mar/25/trump-tariffs-us-consumer-confidence
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