U.S. Consumer Confidence Hits Four-Year Low amid Recession and Tariff Fears

U.S. consumer confidence dropped significantly in March, reaching the lowest point in over four years. Concerns about a possible recession and the effects of tariffs led to this decline. Despite some positive spending behaviors, expectations suggest increased anxiety about future economic conditions.

U.S. consumer confidence plummeted to the lowest level in more than four years this March, as fears of a looming recession and heightened inflation due to tariffs weighed heavily on households.

The Conference Board reported growing concerns about trade policies, with President Donald Trump's inconsistent tariff strategies exacerbating economic uncertainties. These concerns culminated in the survey's expectations measure hitting a 12-year low, hinting at potential economic downturns.

Despite rising anxiety, consumers showed minimal intentions to drastically reduce spending, with certain purchasing plans slightly increasing. However, recession worries persisted, and inflation expectations rose sharply, signaling continued economic challenges.

(With inputs from agencies.)