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Consumer Sentiment Hits Rougher Patch in August Amid Renewed Focus on Tariffs

  • Consumer sentiment decreased 5% month over month to a reading of 58.6, according to a long-running survey from the University of Michigan.
  • Joanne Hsu noted that worries about rising prices are impacting consumer views, specifically concerning durable goods.
  • Tariff rates increased significantly from about 2.4% to 18.6%, leading to an estimated $2,400 financial hit for the average American household this year.
  • Over 60% of consumers expect the job market to worsen in the coming year, contributing to concerns about economic stability.
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finanzmarktwelt.de broke the news in on Friday, August 15, 2025.
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