Reported about 17 hours ago
Consumer sentiment has dropped to its lowest level since mid-2022 as Americans brace for impending price hikes and shortages due to President Trump's aggressive tariff policies, particularly on imports from China. Despite currently high consumer spending, the expectation of inflation reaching 6.5% in the next year indicates growing anxiety about economic instability. Economists remain cautiously optimistic about inflation peaks but foresee potential recession risks as tariffs could hamper growth and spending.
Source: YAHOO