Reported 1 day ago
A recent survey by the Federal Reserve Bank of Boston confirms that Americans expect prices to rise due to tariffs, particularly under President Trump's policies. The University of Michigan's consumer sentiment survey indicates inflation expectations are at their highest since 1981, with businesses indicating they will likely pass increased costs onto consumers. Economists warn that this trend could accelerate, especially on imports from countries like China, as higher tariffs come into effect.
Source: YAHOO