C_Clayton_Jones
Diamond Member
“Consumers’ confidence in the economy was shaken in December as Americans grew anxious about high prices and the impact of President Donald Trump’s sweeping tariffs.
The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December, the fifth straight monthly decline and approaching the 85.7 reading from April, when Trump rolled out his import taxes on U.S. trading partners. November’s reading was upwardly revised to 92.9.
A measure of Americans’ short-term expectations for their income, business conditions and the job market remained stable at 70.7, but still well below 80, the marker that can signal a recession ahead. It was the 11th consecutive month that reading has come in under 80. Consumers’ assessments of their current economic situation tumbled 9.5 points to 116.8.
Write-in responses to the survey showed that prices and inflation remained consumers’ biggest concern, along with tariffs, despite repeated claims by President Trump that inflation is a hoax. Perceptions of the job market also declined this month.”
apnews.com
Looks like Americans didn’t believe Trump’s lies and conspiracy theories he regurgitated last week, or the lie that inflation is a ‘hoax.’
And next month Trump owns the economy.
Perhaps the Supreme Court will help Trump again by invalidating his reckless, irresponsible tariffs.
The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December, the fifth straight monthly decline and approaching the 85.7 reading from April, when Trump rolled out his import taxes on U.S. trading partners. November’s reading was upwardly revised to 92.9.
A measure of Americans’ short-term expectations for their income, business conditions and the job market remained stable at 70.7, but still well below 80, the marker that can signal a recession ahead. It was the 11th consecutive month that reading has come in under 80. Consumers’ assessments of their current economic situation tumbled 9.5 points to 116.8.
Write-in responses to the survey showed that prices and inflation remained consumers’ biggest concern, along with tariffs, despite repeated claims by President Trump that inflation is a hoax. Perceptions of the job market also declined this month.”
Consumer confidence slumps to lowest level since the US rolled out tariffs in April
U.S. consumers were less confident in the economy in December as Americans remain anxious about still-high prices and the impact of President Donald Trump’s sweeping tariffs.
apnews.com
Looks like Americans didn’t believe Trump’s lies and conspiracy theories he regurgitated last week, or the lie that inflation is a ‘hoax.’
And next month Trump owns the economy.
Perhaps the Supreme Court will help Trump again by invalidating his reckless, irresponsible tariffs.
