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 4 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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[–] Squorlple@lemmy.world 4 points 4 days ago (1 children)

Thanks to Trump’s economic strategy, I’ve had two jobs within a 10 day span eliminate my position out from under me. Of course, his intentional economic sabotage shouldn’t overshadow his and his acolytes’ fascism, bigotry, and sadistic disregard for human rights and the American law and Constitution.

[–] wise_pancake@lemmy.ca 3 points 4 days ago

I’m sorry, that really sucks.