Overview

• The Consumer Confidence Index fell to 92.9 in March 2025, marking the fourth consecutive monthly decline and the lowest reading since late 2022.
• The Expectations Index, a key recession indicator, dropped to 65.2, its lowest level since 2013, signaling heightened risks of economic contraction.
• Inflation expectations rose to 6.2% in March, driven by concerns over rising prices for essentials and the impact of tariffs on goods like electronics and appliances.
• Older Americans and Democrats reported the sharpest declines in confidence, while younger consumers and high-income households showed relative resilience.
• Stock market volatility, including the S&P 500 entering correction territory earlier this month, has further eroded consumer sentiment.