Consumer confidence dips in Trump’s first month as tariff threats drive inflation fears
- Posted on February 21, 2025
- By The Hill
- 1 Views
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Consumer confidence dips in Trump’s first month as tariff threats drive inflation fears
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Consumers’ attitude toward the economy dipped during President Trump’s first month in office, according to the University of Michigan’s monthly consumer survey released Friday. Consumer sentiment fell nearly 10 percent, dropping from 71.7 in January to 64.7 in February. The dip appears to be largely driven by consumer concerns that tariff hikes could spur inflation,…