Consumers’ confidence in the U.S. economy sank deeper into darkness as Donald Trump’s tariff war escalated in the first week of this month, according to the University of Michigan’s initial April survey of consumer sentiment.
Tag: U.S. Economy
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SLAVELANDIA: FOUR IN FIVE AMERICANS ARE FINANCIALLY STRESSED
Seventy-three percent of Americans responding to a CNBC survey report being “financially stressed.”
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U.S. INFLATION EASED FURTHER IN MARCH
Headline inflation ticked down 0.1 of a percentage point to 2.4 percent in March after settling at 2.5 percent the month before, the first time since May 2020 that the rate has declined two months in a row, the U.S. Labor Department reported.
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ECONOMIC UPDATE—MARKET OVERVIEW
Go to the $6 weekend print edition of The Wall Street Journal... couldn’t find an article that gold prices spiked to new highs and closed at $3,225 per ounce. As we go to press, gold is up some $22 per ounce and spot gold is selling $3,231 per ounce.
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SPOTLIGHT: BIGS GETTING BIGGER
Dealmakers are not waiting for Donald Trump’s policies of tax cuts and relaxed regulation to come into effect.
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WALL STREET BARONS LOSE HOPES FOR TRUMP’S PROMISED “GOLDEN AGE”
Private equity firms are deferring, if not giving up, the new golden age of major dealmaking and swelling profits they expected when Donald Trump campaigned on promises of lower taxes and a softer regulatory touch.
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SERVICE SECTOR ACTIVITY IN MARCH SLOWEST IN NINE MONTHS
In March, business activity in the U.S. services sector was its slowest since June 2024, according to the Institute for Supply Management’s Purchasing Managers Index.
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U.S. ECONOMY ADDS MORE LOW PAYING JOBS IN MARCH
Last month, U.S. employers took on 228,000 more workers, surpassing February’s 151,000 and beating the 135,000 that economists had forecast in a Reuters poll.
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ECONOMIC UPDATE—MARKET OVERVIEW
As we had forecast, two of our Top Trends for 2025 are The Wild Card and The Trump Card, and day-after-day, those cards are being dealt. And who plays them and where they go, nobody knows.
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SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
U.S. president Donald Trump has announced a 10-percent tariff on all goods entering the country and has custom-tailored higher rates on about 60 countries Trump sees as putting “unfair” tariffs, taxes, or regulatory restrictions on U.S. imports.