Consumers' short-term economic expectations fall to lowest level in 12 years, trigger recession warning
1. Consumer confidence declined to a 12-year low in March. 2. Expectations Index fell to 65.2, signaling potential recession. 3. Inflation concerns among consumers increased to 6.2% in March. 4. Plans for home purchases declined, indicating economic pessimism. 5. Concerns over tariffs and economic policies are on the rise.