Reported about 17 hours ago
US consumers now anticipate long-term inflation to rise at an annual rate of 3.5%, the highest since 1995, primarily due to concerns over tariffs imposed by President Trump. The consumer sentiment index has fallen significantly, especially among Democrats, indicating worries about economic conditions, including potential job losses. This shift in inflation expectations could influence Federal Reserve interest rate decisions, with economists noting that sustained increases may prompt intervention.
Source: YAHOO