The University of Michigan’s Surveys of Consumers reports a sharp 26.5% decline in consumer sentiment since May 2024, with the index dropping to 50.8 – just above the all-time low of 50 in June 2022. Director Joanne Hsu notes sentiment has fallen nearly 30% since January 2025, with Republicans showing particular pessimism. The survey highlights growing concerns about personal finances, with a 10% drop in assessments and expectations of weaker incomes ahead. Trade policy uncertainty dominates economic thinking, with 75% of consumers spontaneously mentioning tariffs. Inflation expectations have surged to 7.3% for the year ahead, up from 6.5% last month, with both Democrats and Republicans anticipating higher prices.
about US Consumer Sentiment Hits Near-Record Low Amid Inflation FearsJoanne Hsu
0 posts last weekBitcoin Rises to $84K Amid Trump Tariff Pause
Bitcoin climbed to $83,800, nearly erasing last week’s losses, following President Trump’s 90-day tariff pause, which eased investor concerns. Solana and Ethereum also saw gains. Wall Street experienced significant volatility, with the S&P 500 and Nasdaq posting strong weekly recoveries. However, the University of Michigan’s consumer sentiment index dropped sharply, reflecting worries over inflation and trade policies. Gold hit a record high as investors sought safe havens, while Bitcoin’s role as a store of value was debated amid ongoing economic uncertainty.
about Bitcoin Rises to $84K Amid Trump Tariff PauseDow Jones Falls Sharply Amid Strong Jobs Data and Rising Inflation Concerns
Stocks plummeted as the Dow dropped 697 points following a robust jobs report, which heightened inflation expectations and dampened rate-cut hopes. Constellation Energy surged 25.2% after announcing a $26.6 billion acquisition of Calpine, while Walgreens Boots Alliance and Delta Air Lines saw significant stock gains after exceeding earnings expectations.
about Dow Jones Falls Sharply Amid Strong Jobs Data and Rising Inflation Concerns