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.
25 Articles
25 Articles
Is Trump Tariff Chaos Worrying Americans? Consumer Confidence Dips Amid Rising Inflation Is Trump Tariff Chaos Worrying Americans? Consumer Confidence Dips Amid Rising Inflation
Americans’ confidence in the economy remains in solidly negative territory as Gallup’s Economic Confidence Index (ECI) holds steady at -19 for February, the same as January. This index measures both public evaluations of current economic conditions and their outlook on the economy’s future. The February survey reveals a shift in how Americans view the current state of the economy. While 20% still consider it “excellent” or “good,” this is down f…
US consumer sentiment plunges on worries over prices from inflation and tariffs
U.S. consumer sentiment declined more than expected in February to the lowest level in more than a year while expectations about inflation surged amid uncertainty surrounding President Donald Trump's tariff plans.The University of Michigan Surveys of Consumers on Friday released its consumer sentiment index which dropped from 71.7 in January to 64.7 in February. That's the lowest reading since November 2023 and was weaker than the preliminary re…
Consumer confidence dips in Trump's first month as tariff threats drive inflation fears
Consumers’ attitude toward the economy dipped during President Trump’s first month in office, according to the University of Michigan’s monthly consumer survey, released Friday. Consumer sentiment fell nearly 10 percent, dropping from 71.7 in January to 64.7 in February. The dip appears to be largely driven by consumer concerns that tariff hikes could spur inflation, according to Joanne Hsu, director of the monthly survey. Expectations for inf…
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