American dagger moth

Description:

The young caterpillar is densely covered with yellow setae. The older caterpillar's setae are either pale yellow or white. All instars have thin, black setae on the first and third abdominal segments. On the eighth abdominal segment, there is one tuft of black setae. The caterpillar will reach a length 50 mm (2.0 in). - excerpt from Wikipedia