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U.S. consumer confidence tanks due to Trump’s policies, survey suggests - National | Globalnews.ca

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Summary
Nutrition label

84% Informative

Confidence slumped across all age groups, with sharp decreases in the 35-55 age cohort.

Consumers’ average 12-month inflation expectations jumped to 6 per cent , the highest since May 2023 , from 5.2 per cent last month .

The Conference Board’s consumer confidence index dropped 7 points, the biggest decline since August 2021 .

The share of consumers planning to buy motor vehicles over the next six months dipped.

Buying intentions for big-ticket items like washing machines, televisions and electronics fell.

Planned outlays on services were little changed though consumers’ priorities shifted slightly in favor of personal and health care.

Vacation plans dropped further.

VR Score

91

Informative language

93

Neutral language

55

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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