Economists were caught off guard. Those polled had expected a slight month-to-month increase for a reading of 54.2.
American shoppers appear to have recovered from ‘shock’ of Trump’s ‘extremely high tariffs’ as consumer sentiment rises for first time this year
BY CHRIS RUGABER AND ASSOCIATED PRESS
June 13, 2025
People feel so bad about the economy because of tariffs and inflation that consumer confidence sunk to a 13-year low
April 29, 2025
Write-in responses to the survey showed that prices and inflation remained consumers’ biggest concern, along with tariffs.
The University of Michigan's closely watched Surveys of Consumers showed across-the-board rebounds from previously dour readings.
Only 20.1% of consumers said business conditions were good in the U.S., according to the Conference Board’s report.
Consumer sentiment has risen so far in June as the swirl of concerns related to President Donald Trump's tariffs have chilled.
Consumer confidence took a dive in January as Americans grow increasingly concerned about their financial prospects.
WASHINGTON (Reuters) -U.S. consumer confidence improved in May after deteriorating for five straight months amid a truce in the…
