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Fear of recession, tariff uncertainty in consumer spirit soon dipped


Since 1981, 12 months of inflation expectations increased to the highest level. Donald Trump’s Increase in business war.

Michigan University reported consumer surveys on Friday consumer sentiment The index ranged from 57 to 50.8 in April this month, which declined a stator compared to 54.5 forecasts by economists voted by Reuters. This marked the fourth direct monthly decline in consumer spirit.

Surveys from Joan Hasu, director of consumers, said, “This decline was widespread and unanimous during age, income, education, geographical field and political affiliation.”

“Bhavna has now lost over 30% since December 2024, which is amid growing concerns about the development of trade war, which have oscillated during the year. Consumers report several warnings that increase the risk of recession: business conditions, personal finance, income, inflation, and expectations for labor markets continue to fall in this month,” said Hasu.

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Consumers reported to weaken the hopes of increasing inflation and confidence in the job market in the latest Consumer Confidence Survey of Michigan University. (Alan J. Shaben / Los Angeles Times Getty Image / Getty Image)

The report found that consumers are expecting share You have to face unemployment In the next year, there was an increase in the fifth consecutive month. This metric is now double the reading of November 2024 of the survey and is at its highest level since 2009.

HSU wrote, “The lack of confidence of the labor market has been unlike the last several years, when strong expenses were mainly supported by strong labor markets and income,” HSU wrote.

Fed Chair Powell says that the inflation of tariff is likely to increase, may remain constant.

President Donald Trump’s tariff has cried to financial markets and comprehensive economy. (Andrew Harnik / Getty Image / Getty Images)

Consumers year-year Inflation expectations Last month increased from 5% to 6.7% this month, which is the most reading since 1981 and “an unusual big increase of 0.5 percent or more” in the four consecutive months mentioned in the report. This growth was seen in all three political affiliation.

Expectations of prolonged inflation increased from 4.1% in March to 4.4% in April, especially in the survey in the survey.

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Tariffs are taxes on imported goods that are paid by importers, which usually pass consumers at high costs through high prices. (Through Sam Wolf / Bloomberg Getty Image / Getty Image)

The survey of Michigan University was conducted between 25 March and 8 April.

This means that this concluded before Trump’s declaration of partial stagnation in his “mutual” tariff on 9 April, which was reduced by 10% for most trading partners for 90 days, as well as their growth in their growth Tariff on sugar goods Up to 145%. Their tariffs on vehicles, auto parts and steel and aluminum are effective.

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Those tariffs have contributed to many major economic forecasts that travel hiking. American economy is entering a recession This year.

Reuters contributed to this report.



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