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US Consumer Sentiment Drops, Price Expectations Soar on Tariffs: University of Michigan Survey

  • President Donald Trump's tariffs have raised inflation expectations to 4.9 percent, the highest since November 2022, according to Wall Street Journal journalists.
  • The University of Michigan's Consumer Sentiment Index dropped to 57.9, the lowest level since November 2022, according to the University of Michigan.
  • Fifty-Seven percent of Americans surveyed believe Trump's economic moves are too erratic and harmful, as stated in a Reuters/Ipsos poll.
  • Economist Rebecca Patterson highlighted that consumer sentiment drives the U.S. economy and that fears of higher prices impact spending decisions.
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North American consumers expect a massive increase in inflation. This is shown by a recent survey. There are great fears that the economy will soon fall into recession.

·Berlin, Germany
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  • 58% of the sources are Center
58% Center
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Coresight Research broke the news in on Thursday, March 13, 2025.
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