US Consumer Sentiment Drops, Price Expectations Soar on Tariffs

US Consumer Sentiment Drops, Price Expectations Soar on Tariffs - MSN

Neil Irwin

Mar 14, 2025

Consumer sentiment plunges in early March, inflation expectations soar

A line chart that depicts the U.S. consumer sentiment index from April 2021 to March 2025. The index declined in the first three months of 2025, to 57.9 in March 2025. — Data: University of Michigan; Chart: Axios Visuals

Consumers are becoming sharply more pessimistic about the economic outlook, according to a preliminary reading of the University of Michigan's sentiment survey for March.

Why it matters: The mix of new tariffs, federal cutbacks, erratic policy, and a slumping stock market is dampening American's optimism, which risks generating self-fulfilling economic weakness in the event consumers act on their newfound sense of worry.

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