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 [email protected]. 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?

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