Big news about the economy! The US economy is slowing down, making people worried. This affects how much money businesses make and how confident people feel about spending. It's like a game of dominoes – one thing affects many others.
- US consumer confidence is down – people aren't feeling as good about the economy.
- Retail sales dropped – people aren't buying as much.
- Tariffs (taxes on goods from other countries) are causing problems, making things more expensive.
| Thing | Change |
|---|---|
| US Consumer Confidence | Biggest drop in years |
| Retail Sales | Sharp decrease |
| Atlanta Fed GDPNow Growth Estimate | -2.8% (very low!) |
