Consumer Sentiment Slips Slightly As Republican Confidence in Trump Economy Wavers

[mystery-ak]

Consumer Sentiment Slips Slightly As Republican Confidence in Trump Economy Wavers

John Carney 16 May 2025

April’s showers of stock market volatility and escalating tariffs did not bring out May flowers for consumer sentiment.

The University of Michigan said Friday that its preliminary read of consumer sentiment for May was “essentially unchanged” from the prior month’s dismal level. The index for consumer sentiment dropped to 50.8 from April’s 52.2.

This is the second-lowest level in records stretching back decades. The index hit its lowest level ever in June of 2022 as consumers were hit with the worst inflation in forty years.

Inflation fears stemming from tariff hikes are once again playing a big role in depressing consumer sentiment.

“Tariffs were spontaneously mentioned by nearly three-quarters of consumers, up from almost 60% in April; uncertainty over trade policy continues to dominate consumers’ thinking about the economy,” Joanne Hsu, the director of the survey, said in a statement.

Year-ahead inflation expectations continued to climb in May, rising to 7.3 percent from 6.5 percent last month. Inflation fears were stable—albeit at extraordinarily high levels—among Democrats but moved up among Republicans.

more
https://www.breitbart.com/economy/2025/05/16/preliminary-may-consumer-sentiment/

[DefiantMassRINO]

Trump is all the Republicans have.  He's the only "Republican" who is actually doing anything substantive.

Putting Trump on $250 Bill or making a "criminal referral" to the DOJ are not substantive accomplishments ... in the real world, outside Washington, DC.