Reported about 11 hours ago
Consumer sentiment in the U.S. has declined sharply, reaching its lowest point since November 2022, as inflation expectations soar to their highest levels since 1991. Concerns over President Trump's fluctuating tariff policies and their impact on the economy have left many Americans feeling uncertain about their financial future. The University of Michigan's consumer sentiment survey reported a drop in the index to 57.9 in March, with inflation expectations for the next year rising to 4.9%. This growing pessimism indicates a significant shift in how consumers view their personal finances, labor markets, and overall economic conditions.
Source: YAHOO