Cyclical|In particular, US confidence in job opportunities has been rapidly crumbling.
Stateside Consumers’ confidence in the economy has fallen to its lowest level since 2021, when the world was in the grip of the corona pandemic.
The readings released by the Conference Board on Tuesday reported that consumer conference decreased by fourth month in a row. The Consumer Current Index dropped by 7.2 points to 92.9, more than expected on the market.
In particular, US confidence in job opportunities has fallen rapidly and decreased to its lowest 12 years. Inflation is also expected to accelerate.
“Consumers ‘optimism of future wage development – which had kept its surface quite well in recent months – disappeared largely, suggesting that worries about the economy and the labor market have begun to be reflected in consumers’ estimates of their personal situation,” said Conference Board economist Stephanie Guichard.
Study According to open answers, the United States are still concerned about inflation. Concerns about the impact of import duties and trade policy on the economy have also increased.
After returning to President in January Donald Trump has set up import duties of many of the most important trading partners in the United States, such as Canada, Mexico, China and the EU. On the other hand, Trump has also delayed and canceled many of his customs, which has increased uncertainty in the economy.
The temporary trade policy and fear of customs have gained the stock market in recent weeks. The US economy has even been estimated to be drifting. Already in February, the biggest monthly bill was seen in the confidence of US consumers since August 2021.