February 27, 2025
Stateside Podcast: Consumer confidence suffered in February, U-M says
Surveys of Consumers director, Joanne Hsu, joined Michigan Public’s Stateside to discuss February’s sharp drop in consumer sentiment.
Consumers are aware about the news around tariffs, even amid all the other news that’s happening in the country and in the world right now, and specifically when we look at the major events over the last couple of months related to tariffs, including that announcement of tariffs against China, Mexico and Canada. Inflation expectations immediately jumped up and then stayed high.