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US Consumer Sentiment Declines for First Time in Six Months

Discussion in 'Too Hot for Swamp Gas' started by G8tas, Jan 25, 2025 at 7:49 PM.

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  1. Jan 25, 2025 at 7:49 PM #1
    G8tas

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    Bloomberg) -- US consumer sentiment declined in January for the first time in six months on concerns about unemployment and the impact of potential tariffs on inflation.

    The final January sentiment index decreased to a three-month low of 71.1 from 74 in December, according to the University of Michigan. The drop from the preliminary January reading of 73.2 included the lowest confidence among self-described Democratic voters since August 2020.

    Consumers expect prices will climb at an annual rate of 3.2% over the next five to 10 years, up from the 3% expected in December. They see costs rising 3.3% over the next year, the highest since May, the data issued Friday showed.

    Many economists have warned that tariffs could drive prices higher, which risks weighing on consumer sentiment and demand when they are rolled out. The Trump administration is counting on cheaper energy to help mitigate any boost in the level of prices.

    MSN

    America is already seeing the wolf in sheep's clothing. Biden we need you.
     
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  2. Jan 25, 2025 at 7:56 PM #2
    duggers_dad

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    Five days in and Trump’s already ruined what was, five days ago, a robust economy!
     
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  3. Jan 25, 2025 at 8:06 PM #3
    SotaGator

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    Ruh roh. American voters are about to enter the FAFO funhouse.
     
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  4. Jan 25, 2025 at 8:25 PM #4
    sierragator

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    They'll blame any down turn on the deep state or the dems rinse and repeat.
     
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  5. Jan 26, 2025 at 8:46 AM #5
    madmax

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    Democrats knew the US economy was crap. They pretended it was all good so they could blame Trump when everyone figured out how bad it sucked.
     
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  6. Jan 26, 2025 at 8:55 AM #6
    G8tas

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    That's some pretty good mental gymnastics to come up with such a theory to protect Trump
     
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  7. Jan 26, 2025 at 8:56 AM #7
    okeechobee

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    I wonder what could have caused such a swift downturn?

    The drop from the preliminary January reading of 73.2 included the lowest confidence among self-described Democratic voters since August 2020.
     
  8. Jan 26, 2025 at 8:58 AM #8
    gator_jo

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    il_794xN.6516691525_sliy.jpg
     
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  9. Jan 26, 2025 at 8:59 AM #9
    okeechobee

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    US consumer sentiment remains higher than it was for the past 11 out of 12 months, despite Democrat voters tanking the numbers on purpose.
     
  10. Jan 26, 2025 at 9:17 AM #10
    G8tas

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    #TrumpsAmerica
     
  11. Jan 26, 2025 at 11:05 AM #11
    dangolegators

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    Everyone knows Trump is going to screw it up.
     
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  12. Jan 26, 2025 at 12:10 PM #12
    citygator

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    What a disaster. Republican recession will hit shortly. Its inevitable.
     
  13. Jan 26, 2025 at 12:37 PM #13
    danmanne65

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    We need some Trumpers to come out and say when this stuff will be on Trump. I realize that our economy doesn’t change on a dime but we need to know when Trump is to blame or to take credit and what is on Biden. Personally I don’t care. I would just like some consistency.
     
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  14. Jan 26, 2025 at 12:42 PM #14
    VAg8r1

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    Somewhat of an exaggeration. It will take the stable genius around six months or so to ruin what was a stable or robust economy. It already seems like he's set on emulating one of the economic policies of one of his apparently favorite presidents.
    June 17, 1930: Hoover Signs Disastrous Smoot-Hawley Tariff into Law
    Noting that the difference is that Trump unlike Hoover doesn't need Congress to pass a bill, he can impose destructive tariffs unilaterally.
     
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  15. Jan 26, 2025 at 1:00 PM #15
    okeechobee

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    Well, for one, sentiment is ... sentiment. And as the article indicates, can be influenced by politically motivated tantrums. How about some actual hard numbers with idk, maybe a few months in office and not 5 days?
     
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  16. Jan 26, 2025 at 3:07 PM #16
    SotaGator

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    Gurl, you so funny! Bless your pea-pickin' heart.
     
  17. Jan 26, 2025 at 3:11 PM #17
    docspor

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    I only worry about UE being too low. I trust the MAGA socialist workers party will create plenty of welfare jobs.
     
  18. Jan 26, 2025 at 3:30 PM #18
    108

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    People wanted change, but they also aren’t as dumb as Trump thinks with the tariffs
     
    Last edited: Jan 26, 2025 at 4:21 PM
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  19. Jan 26, 2025 at 3:51 PM #19
    Orange_and_Bluke

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    [​IMG]
     
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  20. Jan 26, 2025 at 3:56 PM #20
    okeechobee

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    Screenshot 2025-01-26 at 3.54.59 PM.png

    At this rate, the DJIA will only be >100,000 by the end of the year. Clearly a recession on the horizon.
     
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