A recent survey of consumers conducted by the University of Michigan showed an increase in pessimistic sentiment among US consumers to the levels last seen in November 2022. High tariffs, imposed under Donald Trump's administration, have been pressuring the economy and caused growing concerns. Consumers now expect inflation to rise to 4.9% this year.
Anxiety is also heightened by US Treasury Secretary Scott Bessent's statement on a possible recession, which emphasizes the lack of stability guarantees. The Federal Reserve, which previously expected a soft landing for the economy, is now facing new challenges posed by the trade policy and changing consumer expectations.
Despite inflation falling to 2.9% in December and GDP growing by 2.3%, the situation remains tense. The US economy is being impacted by external factors and is showing signs of instability. Wall Street, sharing the sentiment of Main Street, is depressed, reflecting the anxiety of the market in general.