Bloomberg Intelligence
US Consumer Confidence Tumbles Again to Lowest Since Early 2021
Mar 25, 2025
Grace Lee, a Senior Portfolio Manager at Columbia Threadneedle, shares insights on market outlook and the ongoing impacts of tariffs on investments. She emphasizes the uncertainty ahead, especially for sectors like autos and semiconductors. Mandeep Singh, a Senior Tech Industry Analyst at Bloomberg Intelligence, discusses the pressures on the U.S. semiconductor strategy amid global competition. Together, they dissect the current consumer confidence decline and its influence on investment trends and the tech landscape.
22:14
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Quick takeaways
- The drop in US consumer confidence to its lowest level in two years highlights growing concerns about job security and income expectations.
- The housing market faces challenges from declining confidence and affordability issues, prompting builders to lower prices to stimulate demand.
Deep dives
Decline in Consumer Confidence
Consumer confidence has dropped to its lowest level in two years, underscoring a growing sense of uncertainty among consumers. The index fell 7.2 points to 92.9, driven primarily by negative expectations regarding the labor market and future income. Many consumers express worries about job security in the coming months, despite the current labor market remaining relatively strong. This heightened concern is also reflected in consumer sentiment, where the fear of losing jobs appears to overshadow the impact of inflation.
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