U.S. consumers are showing signs of weakness due to tariffs contributing to inflation and recession fears. Major retailers and airlines are adjusting forecasts as demand softens.

Consumer sentiment in the U.S. has dropped significantly due to rising inflation anxiety and policy uncertainty, according to new data from the University of Michigan. Consumers are increasingly worried about the economy, marking the third consecutive month of decline in sentiment.

Gold prices surged above $3,000 for the first time, driven by uncertainty from Donald Trump's tariffs and high inflation, as investors flocked to safe-haven assets.

The Federal Reserve is likely to keep interest rates unchanged at its upcoming meeting despite recent positive inflation trends. Concerns about a trade war may impact prices, which could prevent rate cuts. While borrowing costs for consumers may decrease, current rates remain high.

Dick's Sporting Goods anticipates a challenging 2025 due to recession fears, despite recently reporting strong holiday sales. Market uncertainties and changing consumer confidence influence their outlook amid rising tariffs and inflation.