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Schwab Network

Inflation Concerns Outweigh Tariff Concerns for Consumers

7 min30 september 2025

Dr. Stephanie Guichard explains today’s Consumer Confidence data, which came in lower than expected. There’s no “clear trend,” she notes, but labor market woes may be adding more negative feelings. Consumers are also most worried about prices and inflation, with the second biggest factor being tariffs. She also talks about how confidence remains low even among top earners.


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