US heading for a recession as consumer confidence falls ahead of Trump's inauguration
US Presidential elections 2024, where he managed to amass a huge victory for himself nationwide, giving no room to his rival, Kamala Harris to beat him. However, ahead of the major inauguration ceremony of the reigning President-elect, Expectations Index levels have dropped to a five month low, bringing in massive panic for US consumers.
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Is the US economy in danger?
The Conference Board's Expectations Index's current standing is just like the point when recession fears are at its peak. Consumer confidence matters a lot for the US stock market as well as the national economy to boom, but things are currently standing at the juncture that all hell can break lose, and it may lead to a major market crash, sending the economy into a whirlwind.
Moreover, there are fears that Donald Trump's reportedly inflationary economic policies can also contribute majorly to the various problems in the US stock market's future. Trump tariffs' proposal is yet another big example as to what could be the biggest reasons of an incoming recession in the economy.
These are indicators about the loss of US investors' confidence on Donald Trump and his upcoming reign at the White House. However, these index points could come back to normalized levels once things are on track for the Trump
