The Mood of the American Consumer is Souring - WSJ

[pellinore]

The Trump bump in consumer confidence is already over. 

Tariff threats, stock market swings and rapidly reversing executive orders are causing Americans across the political spectrum to feel considerably more pessimistic about the economy than they did before President Trump took office. 

Consumer sentiment fell about 5% in the University of Michigan’s preliminary February survey of consumers to its lowest reading since July 2024. Expectations of inflation in the year ahead jumped from 3.3% in January to 4.3%, the second month in a row of large increases and highest reading since November 2023. 

“It’s very rare to see a full percentage point jump in inflation expectations,” said Joanne Hsu, who oversees the survey. Republicans have come off a postelection surge in confidence, she said, and Democrats and Independents also seem to believe that economic conditions have deteriorated since last month. 

The Mood of the American Consumer is Souring - WSJ

Edited February 7 by pellinore

[joseraul]

Well duh. It's an unregulated economy/capitalist system that he's thrived off of... why would he change what makes him and his pals richer.

I've never once heard rhetoric around that sort of policymaking, without it your economy is done. Federal Reserve can't do anything because laws and sanctions and limits don't exist and they voted for a candidate that will keep that going.

He's targettiing the government itself, immigrants, trans... all kinds of culture wars keeping the american populace busy with each other.. rather than targetting the real issues.