Reported about 20 hours ago
U.S. consumers' long-term inflation expectations surged to their highest point since 2008, with anticipated prices increasing at an annual rate of 3.3% over the next five to ten years, influenced by concerns about potential tariffs from the incoming Trump administration. The sentiment index showed a decline in overall consumer confidence, particularly among Republicans, while a significant portion of respondents expressed urgency in making large purchases to avoid future price hikes. The rise in inflation worries suggests a possible pause in Federal Reserve interest-rate cuts.
Source: YAHOO