Consumer Sentiment Drops In August–And Inflation Fears Return - SPDR Gold Trust (ARCA:GLD)
Consumer sentiment shows modest improvement in August despite tariff impacts and labor market slowdown, following a lower-than-expected inflation report, economists said.
- On Friday, a fresh consumer sentiment report will arrive, showing reactions to sweeping new tariffs and recent economic shifts in August.
- Following a sharp labor market cooldown, the U.S. Bureau of Labor Statistics reported on Aug. 1 that only 73 jobs were created, prompting President Donald Trump to dismiss Commissioner Erika McEntarfer, a Biden appointee confirmed in 2024.
- The University of Michigan Consumer Sentiment Index dropped to 58.6 this month from 61.7 in July, with inflation expectations rising to 4.9%.
- Amid weakening confidence, investors poured about $21 billion into US equity funds through Aug. 13 after redeeming nearly $28 billion the prior week.
- Consumers expect a 4.9% price increase over the next year, with inflation and unemployment expected to worsen, as the Federal Reserve held rates steady in July, warning tariffs could 'push up prices and weigh on economic activity'.
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Consumer sentiment drops, inflation fears rise as Trump pushes tariffs
Consumer sentiment soured in a preliminary reading for August, and expectations for inflation increased, both worrying signs for President Donald Trump as he forges ahead with his tariff agenda. Consumer sentiment fell to 58.6, down from 61.7 in July and below expectations from economists, according to the University of Michigan Consumer Sentiment Index preliminary reading for August. Consumer sentiment is now down 13.7% from a year ago. August …
·Washington, United States
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Total News Sources18
Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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