According to the consumer mood index from the University of Michigan (UOM), American consumers are starting to be more and more concerned about the approach of the President of the United States (USA) to economic policy and international trade. Fear of the trade war overthrown consumers’s trust, and consumer inflation expectations also increased.
The preliminary UOM mood indicator showed that aggregated consumer perspectives have concluded a contract in January, falling to 67.8 compared to the media of investors on climbing to 71.8 of 71.1 December. This is the lowest reading in the main index of UOM sentiments since July last year, and the average American consumer may not be as great or feel as sure as Wall Street originally thought.
The expectations of UOM consumer inflation have also increased over the entire form, rising 3.3% over the next 5 years and jumping to 4.3% in the next 12 months, when many rounds of tariff threats occupy the economy at the level of consumer.