Consumers’ Worst Fears for 2025

Consumers continue to feel uncertain about current economic conditions while worries still remain regarding our political environment.

Key Takeaways:

  • The Michigan Consumer Sentiment Index hit its lowest since 2022, dropping to 57.9 for the month of March which was well below set expectations 

    • This is the third month it has declined, down from 64.7 for the month of February

  • Consumers fear higher than usual price increases, anticipating increases of 4.9%

    • Major concerns from consumers about personal finances, the labor market, inflation, business conditions and the stock market 

  • Frequent changes in economic policies and tariff wars make it difficult for consumers to plan for the future accordingly 

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FOMC Findings

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Impact of Recent Tariffs on US Economy