Free Republic

The Wall Street Journal reports that the consumer confidence that accompanied President Donald Trump’s entry into office has eroded. The University of Michigan’s February report on consumer sentiment found that it fell by 5 percent, from 71.1 percent in January to 67.8 percent this month. Americans now expect inflation this year will be 4.3 percent, a 1 percent increase from last month. Morning Consult also found that consumer optimism is quickly fading. Consumers are worried about volatile decisions around sweeping executive orders and potential tariffs. Early polling data from Trump’s first days in office showed that the speed of the...