{"id":1051659,"date":"2025-02-25T12:27:48","date_gmt":"2025-02-25T17:27:48","guid":{"rendered":"https:\/\/democrats.org\/?p=1051659"},"modified":"2025-02-25T12:27:49","modified_gmt":"2025-02-25T17:27:49","slug":"icymi-bloomberg-consumers-and-forecasters-worry-trump-is-tanking-us-economy","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/icymi-bloomberg-consumers-and-forecasters-worry-trump-is-tanking-us-economy\/","title":{"rendered":"ICYMI: Bloomberg: Consumers and Forecasters Worry Trump is Tanking US Economy"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"449\" width=\"1024\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" alt=\"\" class=\"wp-image-1050776\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png 1101w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=300,132 300w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=768,337 768w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=1024,449 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Point:<\/strong> \u201c[S]igns are starting to emerge across global financial markets that the weight of Donald Trump\u2019s multi-pronged policy agenda is becoming a bit too much to bear. \u2026 [T]he US economy is starting to look iffy \u2026 the narrative has shifted from wondering when the Trump administration will boost the economic outlook to worrying it\u2019s starting to damage the economy.\u201d&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-02-25\/there-are-signs-trump-s-policy-onslaught-is-starting-to-hurt-markets\"><strong>Bloomberg<\/strong><\/a><strong>: There Are Signs Trump\u2019s Policy Onslaught Is Starting to Hurt Markets<\/strong><\/p>\n\n\n\n<p>By Simon Kennedy and Alexander Nicholson<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>[S]igns are starting to emerge across global financial markets that the weight of Donald Trump\u2019s multi-pronged policy agenda is becoming a bit too much to bear.<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Behind the<\/strong> latest pickup in investor <strong>pessimism was Trump\u2019s declaration he will go ahead with tariffs on Canada and Mexico as well as ordering curbs on Chinese investment. <\/strong>Also not helping the mood is the deepening split with the US and its allies over Ukraine.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>DOGE delivering $100 billion of cuts would be enough to push down the consumer price index by 0.2 percentage point. A more-aggressive $600 billion in cuts would equate to 0.8 point.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Meantime, <strong>the US economy is starting to look iffy<\/strong>. \u2026 An index from Citigroup shows<strong> data is undershooting forecasts by the most since September<\/strong>. A University of Michigan report last week showed <strong>consumers\u2019 long-term inflation expectations rising to the highest level in three decades, pushing overall sentiment down for another month.<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mark Cudmore of Bloomberg\u2019s Markets Live reports conversations with clients suggesting <strong>the narrative has shifted from wondering when the Trump administration will boost the economic outlook to worrying it\u2019s starting to damage the economy.<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Point: \u201c[S]igns are starting to emerge across global financial markets that the weight of Donald Trump\u2019s multi-pronged policy agenda is becoming a bit too much to bear. \u2026 [T]he US economy is starting to look iffy \u2026 the narrative has shifted from wondering when the Trump administration will boost the economic outlook to worrying [&hellip;]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1051659","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - 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