Potential impact of Trump's trade war on jobs and inflation sends US consumer sentiment plunging

[Yo_Mama_Been_Loggin]

WASHINGTON (AP) — U.S. consumer sentiment plunged in April, the fourth consecutive month of declines, in a seemingly sharp rebuke of President Donald Trump’s trade wars that have fueled anxiety over possible job losses and rising inflation.

The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, fell 11% on a monthly basis to 50.8, the lowest since the depths of the COVID-19 pandemic. Over the past year, sentiment has tumbled 34%.

The decline was “pervasive and unanimous across age, income, education, geographic region, and political affiliation,” said Joanne Hsu, director of the survey.

The share of respondents expecting unemployment to rise in the coming months increased for the fifth straight month and is now the highest since 2009 during the Great Recession.

https://apnews.com/article/consumer-confidence-inflation-fda8125b8b8f4929b1528046d842758f

Donny is such a motivating force.

[bearsfootball516]

1. Meanwhile, the DOW is way up today.

There's no logic or sense to any of it.

[Yo_Mama_Been_Loggin]

2. Dead cat bounce

I think that's what they call it.

[progree]

3. A couple of graphs

The original source: http://www.sca.isr.umich.edu/

Here's a couple of the graphs:


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And links to three more:

Current Economic Conditions Index http://www.sca.isr.umich.edu/files/chiccr.pdf
Index of Consumer Expectations http://www.sca.isr.umich.edu/files/chicer.pdf
Expected Changes in Prices During the Next Five Years http://www.sca.isr.umich.edu/files/chpx5r.pdf

They also have Excel versions of all of the above.

All of the above are the 10 year graphs. They also have 50 year graphs, both PDF and Excel of all of the above.
http://www.sca.isr.umich.edu/charts.html