Consumer sentiment falls in May as Americans’ inflation expectations jump after tariffs

Consumer confidence declines despite Trump tariff pause: Survey

Consumer confidence has declined for four consecutive months due to uncertainty over trade policy, with nearly three-quarters of consumers mentioning tariffs as a major concern.

By Alicia Wallace, CNN Americans' perceptions of the economy remain stagnant following President Donald Trump's tariffs, with consumer confidence continuing its freefall this month, hitting a near-record low. The University of Michigan's consumer confidence index fell 2.7% to a preliminary 50.8 in May, even lower than April's 52.2. May's preliminary index, the second-lowest on record, was slightly above the record low of 50 points hit in June 20…

Consumer sentiment plummets to near-record lows—but stock markets remain unfazed

Sentiment readings dipped from 52.2 in April to 50.8 in May, according to new data from the University of Michigan.

Consumers are now even more fed up with Trump’s tariff nightmare

Just when we thought consumer confidence couldn’t drop any lower … The University of Michigan released a consumer sentiment survey Friday, showing that confidence has dropped to the second-...

Texans among the least clued up on tariffs, survey finds

DALLAS (KDAF) — Texans might be known for their big opinions, but when it comes to tariffs, confidence is in short supply. A recent nationwide survey by financial media company MarketBeat tested Americans' knowledge of tariffs with a five-question quiz. While the national average score was 75%, Texans scored just 65%—placing them among the least informed states in the country. The study revealed that only 34% of Americans said they’d feel confid…

Tariffs were supposed to drive inflation. Why hasn't that happened?

Economic analysts predicted President Donald Trump's tariffs would cause a spike in inflation, and maybe even a severe recession. It's not working out that way.