From Yahoo Finance: 2025-03-25 10:24:00

U.S. consumer confidence hits lowest level in over four years due to fears of recession and higher inflation from tariffs. Future expectations at 12-year low. Trump’s tariffs criticized for causing confusion. The drop in confidence affects all age groups and income levels. Worries of recession ahead due to low expectations index.

Despite low confidence, consumers don’t plan to cut spending. Many intend to buy TVs, appliances before tariffs raise prices. More plan to go on vacation or buy homes. Mortgage rates decrease, boosting home sales. Economic uncertainty could limit growth in the future.

Stocks mixed, dollar down, Treasury yields fall. Inflation expectations rise to 5.1%, highest since 2023. Fed Chair Powell unconcerned. Economists predict slow growth and high inflation. Fed plans two rate cuts. GDP growth estimate lowered, core inflation revised up. Labor market views consistent with steady jobless rate.

Read more: Rising fears of tariffs pummel US consumer confidence to four-year low