Countdown Panels Clampan Kenny Polcari and Jose Torres open the stress of the consumer.
Us Consumer feelings In February, more than a year to lower the lowest level, expectations of inflation in the midst of uncertainty about President Donald Trump's tariff programs have increased.
Studies by the University of Michigan published its consumer emotion index on Friday, which fell from 71.7 to 64.7 in February in January. This is the lowest reading since November 2023 and weaker than the initial reading of 67.8, which was expected of a consensus among the economists who were commonplace by Reuters.
Joan Husse's consumer polls pointed out: While the emotions for the democrats and independents collapsed, it was unchanged for the Republicans, which he wrote, “Continuing disagreements about the consequences of new economic policies”.
Households Inflation expectations Also increased to 4.3 % compared to next year – the highest level since November 2023 and a sharp increase of 3.3 % last month.
The consumer's self -esteem was overwhelmed in February. (Victor J. Blue / Bloomberg through Getty Images / Getty Images)
HSU added: The current reading of inflation expectations “is now above the range of 2.3-3.0 % as seen in two years before the epidemic.”
Over the next five years, households said they expect inflation to be implemented with 3.5 %, which is the highest and increased from 3.2 % in January since 1995. HSU noted that the biggest increase in the month in the metric was from May 2021.
“For both short and Long -term inflation expectationsThis month's increase was widespread and was seen in revenue and age groups. Inflation expectations this month for independence and democrats increased equally. Husse wrote: They collapsed a little for the Republicans.
MPs fed with tariffs on concern about higher inflation show
Housewives' inflation expectations have reached the highest level since November 2023. (Gabi Jones / Bloomberg via Getty Images / Getty Images)
The report has been stubbornly higher than the 2 % Federal Reserve target in recent months. Consumer Price Index, a popular inflation gauge, arrived Hotter than 3 % expectation Annually for January.
President Trump Tariff programs were formed in the first month of his presidency. He announced 10 % of import tariffs from China at the top of existing taxes, which has been used since then. Trump also postponed 25 % of tariffs in Canada and Mexico until early March after the two countries announced border security measures.
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He has also announced 25 % of import tariffs Steel and AluminumAs well as calling for a mutual tariff program in accordance with US tariffs for other countries in US exports – which is expected to be implemented after a government study in April.
Reuters was involved in this report.