Consumer fears over inflation, job losses, and stock market instability grew in March as global trade tensions escalated, according to CNBC. The New York Federal Reserve’s monthly Survey of Consumer Expectations found that one-year inflation expectations rose to over 3% in March. The survey also showed that the perceived probability of higher unemployment a year from now rose to 44%, the highest level since April 2020. The New York Fed survey was conducted before Trump’s April 2 tariff announcement and subsequent suspension.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Consumer affairs over inflation, job losses, and stock market instability grew in March
00:06as global trade tensions escalated, according to CNBC.
00:10New York Federal Reserve's monthly survey of consumer expectations
00:13found that one-year inflation expectations rose to over 3% in March.
00:17Survey also showed that the perceived probability of higher unemployment a year
00:20from now rose to 44%, highest level since April 2020.
00:25New York Fed survey was conducted before Trump's April 2nd tariff announcement
00:28and its subsequent suspension.
00:30For all things money, visit Benzinga.com slash GSTV.