Consumer Confidence Plummets as Global Economic Uncertainty Rises
In today's episode, we delve into the sharp decline in US consumer confidence, with a 27.1% drop from last year, and explore the Federal Reserve's decision to maintain interest rates amid economic uncertainty. We also examine the surge in global economic policy uncertainty driven by escalating trade tensions, and its impact on growth projections and financial markets. Join us as we discuss the implications for consumers, businesses, and policymakers navigating this complex economic landscape.Sources:https://www.ipsos.com/en-us/march-2025-lsegipsos-primary-consumer-sentiment-indexhttps://getfea.com/end-use/university-of-michigan-releases-preliminary-results-of-its-consumer-sentiment-index-for-marchhttps://thumbwind.com/2025/03/17/consumer-confidence-in-michigan/https://www.cbsnews.com/news/consumer-sentiment-confidence-report-march-2025-tariffs-inflation-trump/https://lipperalpha.refinitiv.com/reports/2025/03/consumer-confidence-continues-unsteady-start-to-2025-as-expectations-index-falls-sharply/https://www.advisorperspectives.com/dshort/updates/2025/03/14/consumer-sentiment-sinks-to-lowest-level-since-2022https://www.axios.com/2025/03/14/consumer-sentiment-march-plunge-inflationhttps://www.retaildive.com/news/tariffs-trigger-plunge-consumer-sentiment-inflation-Trump-trade-Fed-Federal-Reserve-Powell/742733/https://www.youtube.com/watch?v=mObpNmIv0Wohttps://www.seafoodsource.com/news/foodservice-retail/experts-see-worrisome-economic-indicators-in-the-u-shttps://www.federalreserve.gov/newsevents/pressreleases/monetary20250319a1.htmhttps://www.foxbusiness.com/economy/federal-reserve-interest-rate-decision-march-2025https://mp.morningstar.com/en-us/articles/blt49b55f54e3648c8b/fed-holds-rates-steady-cuts-2025-growth-projectionhttps://www.federalreserve.gov/mediacenter/files/FOMCpresconf20250319.pdfhttps://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20250319.pdfhttps://www.federalreserve.gov/monetarypolicy/fomcprojtabl20250319.htmhttps://www.visualcapitalist.com/global-economic-policy-uncertainty-1997-2025/https://tradingeconomics.com/united-states/economic-policy-uncertainty-index-for-united-states-fed-data.htmlhttps://www.centralbank.ie/news/article/quarterly-bulletin-2025-1---unprecedented-rise-in-policy-uncertainty-due-to-shift-in-geoeconomic-relationshipshttps://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20250319.pdfhttps://www.federalreserve.gov/monetarypolicy/fomcprojtabl20250319.htmhttps://www.csis.org/analysis/policy-volatility-beckons-disorderly-economic-transitionhttps://en.macromicro.me/charts/26279/us-epuhttps://www.spglobal.com/market-intelligence/en/news-insights/research/global-economic-outlook-march-2025https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/03/OECD-IEO-03-2025/IEO-PPT-EN-march-2025.pdfhttps://www.oecd.org/en/publications/oecd-economic-outlook-interim-report-march-2025_89af4857-en.htmlhttps://www.fitchratings.com/research/sovereigns/world-growth-forecasts-cut-sharply-as-us-starts-global-trade-war-18-03-2025