U.S. Consumers Are Watching Government Policy Like Never Before
People are paying attention to Washington.
The White House stands in Washington, D.C.
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Three weeks into his presidency, Donald Trump's every statement continues to dominate headlines — and Americans are paying attention.
The University of Michigan consumer sentiment survey, released on Friday morning, found that confidence this month cooled from January's 13-year high, as Americans moderated their expectations on their personal finances and the economy at large. Still, sentiment remains historically strong in the early days of the Trump administration.
What's notable: the biggest change in the consumer survey relates to economic expectations, which survey respondents explicitly tied to news about government policies.