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US Consumer Sentiment Drops as Long-Run Inflation Views Rise

  • U.S. Consumer sentiment declined to 64.7 in February, the lowest level since November 2023, according to the University of Michigan Surveys of Consumers.
  • Inflation expectations rose to 4.3% for the next year, the highest level since November 2023, noted by Surveys of Consumers Director Joanne Hsu.
  • Households expect inflation to run at 3.5% over the next five years, the highest since 1995, according to Joanne Hsu.
  • Sentiment fell for both Democrats and Independents while remaining unchanged for Republicans, reflecting ongoing disagreements about new economic policies.
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Bloomberg broke the news in United States on Friday, February 21, 2025.
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