Tariffs. Consumer sentiment. Cape Ratio. Pick The Indicator of The Year!

2025 was a wild year for the U.S. economy. Tariffs transformed the global economy, consumer sentiment hit near-historic lows, and the stock market hit scary, spooky, blood-curdling new heights! So … which of these economic stories defined the year? Our hosts from Planet Money and The Indicator duke it out during our annual … Family Feud! Tell us who you think has THE indicator of the year by emailing us at indicator@npr.org . Put “Family Feud” in the subject line. Related episodes: The Indicators of this year and next This indicator hasn’t flashed this red since the dot-com bubble What would it mean to actually refund the tariffs? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org . Fact-checking by Corey Bridges. Music by Drop Electric . Find us: TikTok , Instagram , Facebook , Newsletter . Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy