US consumer sentiment drops as inflation expectations surge
U.S. consumer sentiment dropped unexpectedly in February to a seven-month low and inflation expectations rocketed as households feared it may be too late to avoid the negative effects on their purchasing power from President Donald Trump's threatened tariffs.
Following Donald Trump's first few weeks as president, preliminary data shows consumer sentiment has dropped in February.
The Labor Department's consumer price index rose 0.4% last month, slightly more than economists polled by Reuters had expected, putting the annual inflation rate at 2.9%.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a seasonally adjusted basis in December, after rising 0.3 percent in November, the U.S. Bureau of Labor ...
The closely watched core measurement of the Consumer Price Index slowed for the first time ... spurred optimism in the markets. US stocks spiked Wednesday morning, as the CPI report boosted ...
Economists, on average, forecast the annual consumer price index (CPI) to have been up 2.8% in December from 2.7% the prior month, FactSet said. The annual core rate is expected to remain steady ...
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve's projections for ...
Food prices have been a consistent driver of inflation but prices at the supermarket moderated throughout much of 2024. The Consumer Price Index for food c ...
Egg prices are already high, but officials say they are only going to go up more in 2025. Here's how much you could pay and ...
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...
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