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#Inflation

39 posts33 participants12 posts today
Continued thread

#Inflation fears drove much of the downturn. Respondents expect inflation a year from now to run at a 5% rate, up 0.1 percentage point from the mid-month reading & a 0.7 percentage point acceleration from February. 🚨🚨At the 5-year horizon, the outlook now is for 4.1%, the first time the survey has had a reading above 4% since February 1993.🚨🚨

#Trump #economy #tariffs #jobs #insecurity #trumpcession #recession
data.sca.isr.umich.edu/

data.sca.isr.umich.eduSurveys of Consumers
Continued thread

#Consumer sentiment worsens as #inflation fears grow, University of Michigan survey shows

It was the 3rd consecutive decrease & stretched across party lines & income groups, survey dir Joanne Hsu said.

…In addition to worries about the current state of affairs, the survey's index of consumer expectations tumbled to 52.6, down 17.8% from 1 month ago & 32% for the same period in 2024.

#Trump #economy #tariffs #jobs #insecurity #trumpcession #recession
cnbc.com/2025/03/28/consumer-s

CNBCConsumer sentiment worsens as inflation fears grow, University of Michigan survey showsThe closely watched survey showed a reading of 57.0 for the month, down 11.9% from February and 28.2% from a year ago.

Nearly all of the replacement parts on the shelves inside Fred Billeh's Warehouse in Chicago came from the countries facing new #tariffs. He estimates his warehouse carries "millions" of parts.

The INSUR Information Institute had already forecast premium increases this year of about 7%, & that was before the new tariffs.

🚨"The impact of the tariffs will create a "ripple" effect, with tariffs today being felt in 12 to 18 months.

#Inflation #Trumpcession #Economy #USPol cbsnews.com/news/trumps-tariff

Uncertainty awaits U.S. companies reliant on tariffed goods

> With U.S. President #DonaldTrump's #tariff plans well underway, the only sure thing for American companies heavily reliant on cheap imports is uncertainty, based on their earnings reports and projections for the year ahead.

> Businesses like low-cost retailers and apparel manufacturers are projecting declining revenues [..] amidst persistent #inflation [..] At the same time, #tariffs are eating into profit... archive.is/2025.03.28-140238/h

I hit the +1 button for three different things in my shopping cart this morning because:

1) at this very moment, I have the money;

2) the items are consumable and shelf-stable;

3) the items are not manufactured in the USA;

4) there is no way in hell they won't cost a ton more by the time I need them next, if I will be able to get them at all.