Amber Walliser
A few days after Donald Trump won the American presidential election, Amber Walliser has refueled, spending $ 2,000 (£ 1,538) on the devices that she can
But it was a temporary madness. These days, his family is reprimanded, worried about employment security and a possible economic slowdown, which, according to experts, could be more likely due to the prices of US President Donald Trump.
It means no new car or long holidays this year. They even put aside plans to start trying a second child.
“We save as much as possible, simply amazing money, trying to observe our emergency fund,” said the 32 -year -old accountant of Ohio.
Amber’s concerns are echoing in the United States, as prices and other changes in the White House have hit the stock market, arouse disorder for businesses and add to inflation problems.
This is the delicate scenario that civil servants of the American central bank will have to tackle their interest rates on Wednesday.
The federal reserve, which is supposed to maintain stable prices and employment, generally reduces borrowing costs to help support the economy, or increases them to slow down price increases, as did when prices increased in 2022.
Although analysts are largely expecting the Fed leaving interest rates on Wednesday, they are much more divided into what to expect in the coming months, because prices could both increase prices and slow down economic growth.
“Their work has become much more difficult,” said Jay Bryson, chief economist of Wells Fargo.
In a speech earlier this month, the leader of the federal reserve, Jerome Powell, noted that the surveys on feeling have not been good indicators of spending decisions in recent years, when the economy has worked well on many traditional metrics, despite the bitter opinions.
He declared that decision -makers could afford to wait to see the overall impact of white house policy changes before responding.
Dave Gold
But households now respond to uncertainty.
After its investments were affected in the recent market sale, Dave Gold wrote a budget and began to reduce its expenses.
He canceled Netflix, challenged himself to avoid Amazon’s purchases for a month and reduced his trips, managed to reduce his expenses by half.
“It is really difficult to plan and be confident to what next month looks like,” said the 37 -year -old, who lives in Wyoming and works in finance.
“I thought it was time to relaunch it and protect myself in case things happen,” he added.
Dave is not the only American prevailing in their expenses. Retail sales also dropped last month, while Walmart companies in Delta Air Lines warned against demand.
Meanwhile, employment growth has slowed down and the stock market has now been negotiated at its lowest levels since September.
In this month’s survey on consumer feeling by the University of Michigan, concerns about the labor market have reached the highest level since the big recession, while household expectations in long-term inflation have also jumped, in the greatest increase of one month since 1993.
These are disturbing signals for the United States, in which consumption expenditure represents approximately two thirds of the economy.
“It is not as if the consumer collapses, but we see cracks,” said Mr. Bryson, who puts the chances of one in three, against one in five at the start of the year.
“If consumers release … the whole economy will drop,” he said.
Getty Images
Egg prices have increased sharply in recent months
Officials of the White House recognized the probability of “a little disturbance”, while promising that short -term pain will cause long -term gain.
But polls suggest that the treatment of the economy by Trump is a concern for the public, especially for Democrats and the self -employed, but more and more for the Republicans.
Software engineer Jim Frazer, who did not vote for Trump, said that administration insurance did not do much to relieve his concerns, because he sees policies change by time, the stock market sink and basic food prices such as eggs increase.
Towards the end of last year, the 49 -year -old man, who lives in Nebraska, bought a new phone and television, Paris these articles would be affected by the prices that Trump had declared that he planned to put imports from China.
More recently, however, he tries to reduce, both as a buffer against the cost increase and because he was frightened by the conversation of the Trump administration – not only on the prices, but on other movements, such as the annex of Canada as 51st state.
He and his wife recently paused on their plan to replace an old loveseat and reduced their ambitions to renovate the bathroom.
“I’m just feeling right now, we’re needing this crazy money in a safe place,” he said.
“It is this feeling that we are heading towards something and we have to prepare.”
