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U.S. Consumer Confidence Plummets Amid Economic Uncertainty

6/3/2025

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Summary

Story summary

U.S. consumer confidence fell 27% year-over-year, the steepest drop since December 2020, amid economic uncertainty.
Personal spending increased by just 0.1% in April, while imports plummeted 20% due to higher tariffs.
The Federal Reserve's core inflation gauge rose by 2.5%, marking the smallest increase in over four years.
Economic forecasts predict a 3.8% GDP growth for Q2, rebounding from Q1's contraction.

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Story summary

U.S. consumer confidence fell 27% year-over-year, the steepest drop since December 2020, amid economic uncertainty.
Personal spending increased by just 0.1% in April, while imports plummeted 20% due to higher tariffs.
The Federal Reserve's core inflation gauge rose by 2.5%, marking the smallest increase in over four years.
Economic forecasts predict a 3.8% GDP growth for Q2, rebounding from Q1's contraction.