Consumer sentiment has fallen Almost 10%a monthly consumer survey from the University of Michigan, which saw a decline from 71.7 in January to 64.7 in February.
At the same time, expectations for inflation next year I jumped Long-term inflation expectations increased from 3.3% to 4.3% to 4.3%, and long-term inflation expectations increased from 3.2% to 3.5%.
“What we see is a very broad conclusion or opinion among consumers. Inflation is being addressed Monthly research director Joan Hussou told Yahoo Finance. “It was a pretty big monthly increase, both in the short and long term expectations.”
“While at this point it's not necessarily a cause of panic, these expectations are clearly driven by policy concerns, and concerns that tariffs will lead to price increases,” she continued.
Trump has announced that he has made the new tariffs heavier in recent weeks Warning from the Economist Increased import fees could potentially increase prices for Americans.
The president approved 25% tariffs in Mexico and Canada in early February. But they were ultimately delayed a month after the two countries announced procedures to halt drug flow at their respective borders.
Julia Chapello on the hill digs deep here.
