The University of Michigan’s recent survey revealed a sharp decline in U.S. consumer sentiment, dropping to 50.8 from 57.0. This figure is the lowest in three years and approaches levels seen during the 2020 Covid shutdowns. Inflation expectations for the next year have surged to 6.7%, the highest since 1981, up from 5% the previous month. In response, investors have been selling off long-term U.S. government bonds and the dollar. The 10-year Treasury yield jumped above 4.55%, increasing by over 50 basis points in a week. The dollar index fell below 100, marking a three-year low. Meanwhile, gold reached a new record high of $3,240 per ounce. U.S. stocks showed less volatility, with the Nasdaq up by 0.6%. In the cryptocurrency market, bitcoin rose 4% to just over $82,000, and the CoinDesk 20 Index increased by 3%. Altcoins like Solana’s SOL and Avalanche’s AVAX led with 6% gains.
W Mondale Robinson
@mondalerobinson
·
19h Let me guess #MAGA, these are paid “consumers, like the protesters right?
Consumer sentiment plummets to second-lowest level on record going back to 1952 – CNN
Matt Dalgleish
@Meat_Watcher
·
13h The US consumer sentiment score has dropped to the lowest level since records began (1952) and expectations of inflation has soared. But tell me again how the tariffs are helping???
Stacey
@StaceyR0320
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19h You’re a joke, Nicole. And a liar. By the way, how’s that economy going for you? Not so good since consumer sentiment PLUNGED 11% this month to a preliminary reading of 50.8, the second-lowest reading on records going back to 1952 and consumer inflation expectations are at 6.7%
Gary Carmell
@gcarmell
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14h Consumer sentiment just plunged 11% to 50.8 — the second-lowest reading since 1952, per the University of Michigan. Confidence is cratering.
Investinq
@investinqai
·
16h Consumer sentiment just cratered to its second-lowest level since 1952.Yes, you read that right—lower than the Great Recession and nearly as bad as early COVID.Here’s what’s happening, and why it’s a huge red flag for the economy
Mediaite
@Mediaite
·
21h JUST IN: US Consumer Sentiment Plummets to Second-Lowest Level in Over 75 Years
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