The weakness in feelings reflects a deterioration in future expectations through multiple aspects of the economy, including personal financial affairs, employment, and inflation.

The feelings of consumers in the United States decreased to the lowest level in the two and a half years, and inflation expectations have risen amid fears that President Donald Trump’s tariff, which ignited a trade war, will enhance prices and reduce the economy.

The deterioration in feelings in March and the inflation expectations that consumer polls at the University of Michigan on Friday were in the political party affiliation with consumers who say that “repeated economic policies make it very difficult for consumers to plan for the future.”

This reflects similar concerns in some commercial investigative studies. The uncertainty that Trump’s tariff created in the first place, in addition to an escalation in trade tensions, risk the output of economic expansion. Fears of the high prices, which pushed the long -term inflation for consumers to the last time seen in early 1993, created a challenge to federal reserve officials because they are looking at the following steps for monetary policy.

“The jury and the ruling on Trump 2.0 policies are harmful to the economy and future prosperity of America,” said Christopher Robki, chief economist at FWDBONDS. “The consumer is afraid and sees higher prices, despite the assurances from Washington that commercial tariffs are good for the economy.”

The University of Michigan said the consumer morale has decreased to 57.9, the lowest level since November 2022, from the 64.7 final reading in February. The economists of Reuters expected the index to decrease to 63.1.

The index wiped all the gains published in the wake of Trump’s electoral victory in November.

The weakness of feelings this month reflects a deterioration in future expectations through multiple aspects of the economy, including personal financial affairs, employment, inflation, working conditions and stock market.

Republicans recorded a 10 percent decrease in their expectations, while independents witnessed a 12 percent decrease. The expectations between Democrats fell by 24 percent.

“Consumers from all three political affiliations agree that expectations have been weakened since February,” said Joan Hazou, director of consumer. “Many consumers were martyred at the high level of uncertainty about politics and other economic factors.”

A tariff of injury

Trump slapped a set of customs tariffs on a wide range of goods from the main commercial partners such as Canada, China and the European Union, which responded with their own duties. Some definitions were imposed and then suspended for a month.

On Thursday, Trump threatened to hit Europe with a 200 percent tariff on wine, Koniac and other alcohol imports. The tariff of injury and escalation in the trade war rocked the financial markets, which sparked sales on stock markets, which also contributed to the annulment of the morale this month.

The inflation forecast for 12 months of consumers jumped to 4.9 percent, the highest level since November 2022, from a prediction of 4.3 percent in February. Over the next five years, consumers have witnessed inflation by 3.9 percent. That was the highest reading since February 1993 and compared to 3.5 percent in February.

The shares were traded in Wall Street on Friday after being beaten in the previous sessions. The dollar did not change a little against the currency basket. The American treasury yields.

Federal reserve officials are expected to leave next week the standard interest rate of the Central Bank in the United States in the interest range from 4.25 percent to 4.5 percent, after they reduced it by 100 basis points since September, as they continue to assess the economic impact of the Trump administration policies.

Financial markets expect the Federal Reserve to resume borrowing costs in June after stopping its dilution cycle in January amid a dark economic view. The policy rate was increased by 5.25 percentage points in 2022 and 2023 to tame inflation.

Trump also began an unprecedented campaign to significantly reduce the government by managing billionaire government efficiency in technology Elon Musk, or Dog, which reduced funding and launched thousands of federal workers.

The unions, which represent some civil service employees, challenge the demobilization of workers, which led to a re -re -.

A Reuters/Ipsos poll on Tuesday and Wednesday showed that 57 percent of the poll participants believe that Trump’s moves to shake the economy are very irregular, and 53 percent believe that the tariff war will cause more harm than.