Keeping up with the news leads to greater awareness of shifts, changes, and adjustments. Consumer sentiment has experienced some challenges.
University of Michigan Consumer Confidence Survey March 2025
A couple of key points in the publication:
-Yearly inflation expections moved from 4.3% to 5% inflation expectations jumped up from 4.3% last month to 5.0%.
-Long-run inflation moved from 3.5% to 4.1%-Concerns revolved around personal finances, business conditions, unemployment, and inflation.
-Unemployment expected to rise.
*The American Association of Economists has an older publication on the relationship between consumer confidence and spending. A little discussion on what causes consumer confidence to change. Consumer Confidence and Spending
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