****BREAKING NEWS****Consumer sentiment falls to 29-month low. Uncertainty rises due to TSF actions. [View all]
The numbers: A burst of optimism after Donald Trump won the presidential election has evaporated, as Americans weigh the effect of tariffs and other aggressive moves by the president to reshape the government and the economy.
A survey of consumer sentiment fell to a 29-month low of 57.6 in March, the University of Michigan said. The index registered 64.7 in February.
Consumer sentiment helps gauge how Americans feel about their own finances as well as the broader economy.
The stock market has fallen sharply in response to President Trumps tariffs and renewed talk of recession. Persistent inflation and high egg prices have added to the worries.
Many consumers cited the high level of uncertainty around policy and other economic factors, said Joanne Hsu, director of the survey. Frequent gyrations in economic policies make it very difficult for consumers to plan for the future, regardless of ones policy preferences.
https://www.marketwatch.com/story/consumer-sentiment-falls-to-29-month-low-uncertainty-rises-due-to-trump-actions-11af2795
I'm of two minds about TSF killing our economy. It's all fun and game until someone loses their job, their investment, and their savings.