this post was submitted on 15 Apr 2025
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Economics

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Unemployment fears hit worst levels since Covid as tariffs fuel inflation outlook, Fed survey shows (www.cnbc.com)
submitted 5 days ago by MicroWave@lemmy.world to c/economics@lemmy.world
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KEY POINTS

  • Consumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March, according to a New York Fed survey.
  • The probability that the unemployment rate would be higher a year from now surged to 44%, up 4.6 percentage points and the highest level going back to the early Covid pandemic days of April 2020.
  • The expectation that the market will be higher a year from low slid to 33.8%, a decline of 3.2 percentage points to the lowest reading going back to June 2022.
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[–] wise_pancake@lemmy.ca 3 points 5 days ago

I’m sorry, that really sucks.