Reported about 20 hours ago
Americans remain worried about rising inflation, with the University of Michigan's consumer sentiment survey indicating that one-year inflation expectations soared to 6.5%, the highest since 1981. This surge in expectations came even after President Trump's 90-day pause on tariffs, with consumers expressing ongoing uncertainty about the economy and anticipating weaker income growth. Overall consumer sentiment experienced a slight rebound but remains significantly lower compared to earlier in the year, as recent weak economic data raises concerns about potential recession conditions.
Source: YAHOO