Reported 1 day ago
In February 2025, American consumer sentiment drastically fell, with inflation expectations climbing to their highest since November 2023 due to uncertainties surrounding President Trump's trade policies. The University of Michigan's consumer sentiment survey indicated a nearly 10% dip in overall sentiment and a jump in one-year inflation expectations from 3.3% to 4.3%. Pessimism about inflation and anticipated price hikes from tariffs contributed to a significant decline in outlook for personal finances and the economy, leaving many economists to assess potential policy impacts on future inflation.
Source: YAHOO