Concern over deteriorating outlook is shared by Republicans, Democrats and independents, University of Michigan says.

Consumers took a gloomier view of the economy in March, the University of Michigan’s monthly survey showed. The headline index came in at 57, the lowest level since late 2022, and below a preliminary reading of 57.

Americans are expecting higher inflation this year and more are predicting that the economy will slip into a recession once again.

U.S. consumer spending rebounded less than expected in February while a measure of underlying prices increased by the most in 13 months, stoking fears the economy was facing a period of tepid growth and high inflation amid an escalation in trade tensions.

WASHINGTON >> U.S. consumer spending rebounded less than expected in February while a measure of underlying prices increased by the most in 13 months, stoking fears the economy was facing a period of tepid growth and high inflation amid an escalation in trade tensions.

Judge Amy Berman Jackson issued a preliminary injunction to stop Trump's administration from dismantling the Consumer Financial Protection Bureau.

A federal judge has agreed to block the Trump administration from dismantling the Consumer Financial Protection Bureau

A federal judge in Washington ordered Trump officials to resume work at a consumer finance watchdog and rehire its fired workers, another setback for the administration’s efforts to sharply downsize the federal government.