In the 100 days since President Donald Trump's second term began, uncertainty has become the prevailing sentiment among consumers and markets. The University of Michigan consumer sentiment index has shown a continuous decline, exacerbated by fears surrounding the impact of tariffs. Following the announcement of tariffs in April, stock markets experienced significant sell-offs and fluctuations, contributing to a rise in the Economic Policy Uncertainty Index. Economists predict that upcoming tariffs may lead to inflation and rising unemployment, intensifying consumer concerns over the economy's future.
The first 100 days of Trump's second term can be defined by one word: uncertainty.
The University of Michigan consumer sentiment index has declined every month this year - and it may deteriorate further once the full effects of tariffs take hold.
The S&P 500's start to the year saw a historic sell-off after Trump announced new tariffs, leading to heightened market volatility.
BI's examination of sentiment, market chaos, and interviews indicates a clear trend: Americans are worried about uncertainties in the current economic climate.
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