US consumer sentiment plunges over tariff and inflation fears

[Dante]

Consumer sentiment has fallen for the second time in two months. It fell 10% in February. 62% of those surveyed thought the current administration was not doing enough to lower prices. Thoughts USMB?

https://www.cnn.com/2025/02/21/economy/consumer-sentiment-inflation-tariffs

What you wont see much of over at the MAGA Noise Echo Chamber -​

February 25, 2025​

While Trump is being pampered - most probably literally
Musk and the others surrounding Trump are having a field day.

CBS NEWS: Money Watch - Consumer confidence plunged in February amid rising economic concerns

The seven-point drop was the biggest month-to-month decline since August of 2021.


ABC NEWS: Consumer confidence falters, signaling worry about economy under Trump

A gauge of consumer confidence registered its largest monthly drop since 2021.

Seven of every 10 American adults believe tariffs will raise prices, an Ipsos survey found last week.

Concern about rising prices coincides with a bout of resurgent inflation that stretches back to the final months of the Biden administration. Consumer prices rose 3% in January compared to a year ago, registering a percentage point higher than the Federal Reserve’s target of 2%.


Reuters: Trump policy concerns send US consumer confidence plummeting to eight-month low

"Americans are increasingly pessimistic about the outlook. No Federal government has ever before threatened government workers with mass firings and it is starting to scare the daylights out of consumers," said Christopher Rupkey, chief economist at FWDBONDS. "The economy could well ground to a halt in the first quarter of the year as consumers stay home."

ING:

Optimism about Trump exceptionalism fades amid subdued start to 2025​

After a frenetic first month in office, initial optimism that President Trump will deliver ongoing US growth exceptionalism is giving way to concerns about the downside impact of some of his policies, including trade tariffs and government austerity on spending power and jobs

Trump has suggested lower taxes will provide a more than offsetting boost, but we are not so sure. The extension of 2017 tax cuts will almost certainly pass, but there will be no noticeable change in household after-tax income. The ending of the tax on tips is possible since there is bipartisan support. However, proposals to exempt social security and overtime pay from taxation will likely struggle to pass.

 

[Dante]

Consumer sentiment has fallen for the second time in two months. It fell 10% in February. 62% of those surveyed thought the current administration was not doing enough to lower prices. Thoughts USMB?

https://www.cnn.com/2025/02/21/economy/consumer-sentiment-inflation-tariffs

We've seen it all back when...

Unlike the MAGA apologists and denialists here and elsewhere - posted by supporters of Biden and Harris: No Rose Colored Glasses

Consumer confidence drops as election boost fades​

US Consumer Confidence Drops Unexpectedly To Near Recession Levels Ahead Of Trumps 2nd Term​

 

[Dante]

That's even worse....

what a weird comment

I guess you truly are...

 

[Dante]

I lost faith in the media after they have been caught lying to us while trying to promote their left wing agenda and trying to suppress speech.

FOX and Tucker are left wing media?

Wow!

Fox, Dominion reach $787M settlement over election claims​

 

[Rambunctious]

consumer sentiment plunges​

This is just not true.... they are making things up again in the fake news.... guess they got nothing else....

 

[Dante]

consumer sentiment plunges​

This is just not true.... they are making things up again in the fake news.... guess they got nothing else....

Consumer confidence plunged in February amid rising economic concerns - What you wont see much of over at the MAGA Noise Echo Chamber - February 25, 2025

 

[Papageorgio]

FOX and Tucker are left wing media?

Wow!

Fox, Dominion reach $787M settlement over election claims​

Never watched Tucker, he is like Maddow and all those spin shows, just hype. I don’t trust Fox, CNN, ABC, CBS, NBC, I trust none of them, so you still trust them after all the lies they have told? If you only believe one side you are just a partisan dumb shit.

 

[Dante]

Never watched Tucker, he is like Maddow and all those spin shows, just hype. I don’t trust Fox, CNN, ABC, CBS, NBC, I trust none of them, so you still trust them after all the lies they have told? If you only believe one side you are just a partisan dumb shit.

I agree with with a caveat or two. Plus I don't believe you given your history here @ usmb

 

[Dante]

Never watched Tucker, he is like Maddow and all those spin shows, just hype. I don’t trust Fox, CNN, ABC, CBS, NBC, I trust none of them, so you still trust them after all the lies they have told? If you only believe one side you are just a partisan dumb shit.

"I watched Carlson before the pandemic in January of 2020" - you

 

[Papageorgio]

"I watched Carlson before the pandemic in January of 2020" - you

And not since

 

[Dante]

And not since

I'll give you that. Just had to run with the one

 

[Tumblin Tumbleweed]

CNN?....

Magaturds being complete fuck ups. Again. Thank you for voting for these fuck ups. It's gonna make us great again.