Bloomberg Intelligence US Consumer Confidence Drops by Most Since 2021
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Feb 25, 2025 Discover the substantial drop in U.S. consumer confidence, the largest since 2021, driven by inflation and job concerns. Delve into evolving U.S.-China relations and how semiconductor export controls are reshaping the tech landscape. Hear insights on market trends from experts and the competitive dynamics in the fast food industry, especially focusing on Wendy's versus newer rivals. Overall, the discussion navigates complex economic strategies and consumer behavior in a shifting global market.
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Consumer Confidence Drop Impacts Bond Market
- Consumer confidence fell significantly, impacting the bond market with the 10-year yield dropping.
- This decline, the largest since August 2021, pushed the yield toward the 200-day moving average.
Factors Driving Consumer Confidence Decline
- The drop in consumer confidence was widespread across demographics and driven by pessimism about future business conditions and employment.
- Rising prices of essential goods, like eggs, are impacting consumer sentiment and economic outlook.
Confidence Decline Across Party Lines
- While Republicans generally report higher confidence than Democrats, this month saw declines across all political affiliations.
- Independents and Democrats experienced the most significant drops, while Republicans also saw a slight decrease.