Reported 3 days ago
U.S. consumer sentiment fell to its lowest level in nearly two-and-a-half years in March, driven by inflation fears linked to President Trump's tariffs which are fueling a trade war. The University of Michigan reported a significant drop in consumer confidence across political affiliations, with heightened concerns about future personal finances, job security, and rising prices. Inflation expectations soared, prompting worries about the long-term effects on the economy and complicating the Federal Reserve's monetary policy decisions.
Source: YAHOO