Overview
- Consumer sentiment dropped 11% in April to a historic low of 50.8, according to a University of Michigan survey, reflecting weakened demand tied to tariff impacts.
- Treasury yields have shown significant volatility, signaling reduced investor confidence in the U.S. economy and the dollar's stability.
- Gas prices have fallen below $3 per gallon, a trend attributed to declining global economic growth expectations rather than domestic energy policies.
- Economists suggest the recession may differ from recent ones, as it appears to stem directly from reduced consumer demand caused by tariffs, rather than corporate-driven factors.
- The National Bureau of Economic Research (NBER) has not officially declared a recession, but experts warn that current economic conditions align with early signs of contraction.