13 minutes ago
US consumer confidence is falling due to Trump’s trade policy
Consumer confidence in the US reached its lowest level over the last 5 years in April. The reason for this decline was negative expectations regarding the stability of the economy and labor market under the presidency of Donald Trump.
According to Conference Board data, published on Tuesday, this indicator will remain at a record low level since 2011 for the next 6 months. Such dynamics are influenced by the current trade policy of the US President.
At the same time, the Consumer Expectations Index showed a decline to 2009 levels, registered during the Great Recession.
Meanwhile, Goldman Sachs CEO David Solomon stated that merger activity and public equity offerings in the US will decline along with the slowdown in investment banks.
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