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US Economic Outlook: April 2025

The US markets are moving faster than ever. Stay up to date with a monthly report brought to you by Board Principal Economist Natalie Gallagher.

Highlights in this month’s report include:   

• Consumer sentiment fell to 50.8—its second-lowest reading on record. The decline was broad-based across all demographic groups, underscoring widespread economic pessimism.
• Inflation expectations surged to levels not seen since 1981, driven by intensifying trade tensions and sweeping tariff actions between the US and China.
• Unemployment expectations have now risen for five straight months, reflecting growing concerns over job security and contributing to more defensive consumer behavior.