17 March | Dollar

US consumer pessimism hits its peak since November 2022

US consumer pessimism hits its peak since November 2022

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.

Brent sell
Period: 31.05.2025 Expectation: 240 pips
Brent crude prices fall amid supply glut and dollar weakness
Yesterday at 10:48 AM 26
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 30.05.2025 Expectation: 1000 pips
GBPUSD will rally towards 1.35500 amid further dollar weakening
Yesterday at 08:18 AM 29
Period: 29.05.2025 Expectation: 1000 pips
AUDCAD is completing its correction phase and may soon retest 0.9 level
Yesterday at 07:26 AM 17
Period: 28.05.2025 Expectation: 250 pips
Upward momentum in gas prices lasted only one day
22 May 2025 32
Period: 28.05.2025 Expectation: 2733 pips
Selling USDJPY amid concerns over US fiscal situation with target at 140,900
22 May 2025 37
Period: 26.05.2025 Expectation: 62000 pips
Major Ethereum holders drive buying pressure toward 2,700 level
22 May 2025 41
Go to forecasts