US consumer sentiment drops to 7-month low as inflation worries rise
US consumer confidence weakened in early February, hitting a seven-month low as concerns over inflation and tariffs grew. The University of Michigan’s preliminary sentiment index fell to 67.8, down 3.
U.S. consumer sentiment declines amid inflation fears over Trump tariffs
University of Michigan consumer survey Friday found consumer sentiment fell about 5% on fears inflation will rise to 4.3% under Trump administration tariffs with major U.S. trading partners.
Consumers Turn Sour on Inflation Amid Concern About Trump’s Tariffs
Consumer sentiment continued to fall in February as worries over inflation and the possibility of higher prices to come from President Donald Trump’s tariffs policy appeared to drive the University of Michigan’s monthly sentiment index down.
Trump tariffs could cause consumer attrition, wealth advisor warns
Jason Betz, private wealth advisor at Redwood Wealth Advisors, Ameriprise Financial, said that if President Trump's tariffs on China and other nations cause U.S. prices to rise, American consumers may say "enough is enough" and rein in their spending.
Trump’s Tariff Plan Is Looking Potentially Disastrous for Inflation
Here’s why Trump’s opening tariff salvo will likely hurt U.S. consumers. If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.
Americans are worried about money. So why are they spending more than ever?
What's the disconnect between consumers saying they are worried about the economy but holiday spending was at record highs?
US inflation increases in December; consumer spending robust
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...
CNN8d
The Fed’s go-to inflation gauge heated up again
The PCE price index is part of the Commerce Department ... And in December, they ramped up their spending significantly. Consumer spending shot up 0.7% from November, exceeding economists ...
Fed's Favorite Inflation Gauge Rises As Predicted, Consumer Spending Jumps At Fastest Pace In 9 Months
PCE inflation rises 2.7% y/y, exceeding forecasts. Core PCE holds at 2.8%. Fed raises 2025 inflation outlook. Dollar and ...
Fed’s preferred inflation gauge posts largest monthly gain since April as tariff fears boost spending
“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said ...
The Associated Press - Business News on MSN10d
US consumer confidence dips again to start the year, according to business group
U.S. consumer confidence dipped for the second consecutive month in January. The Conference Board said Tuesday that its ...
grocerydive4d
Grocery spending holds steady as people devote money to other priorities
The typical consumer spent 6.6% of their income on food in 2024, the same level as in 2019, according to Kearney’s latest ...