Consumer Sentiment Slightly Ups, Inflation Expectations Drop

The University of Michigans consumer sentiment index ticked up slightly to 53.3, surpassing economists predictions, but still far from the January peak of 71.7. Despite a glimmer of hope in future outlook, current economic conditions remain a concern. Inflation expectations dropped to 4.1%, the lowest since January, possibly due to the impact of tariffs on consumer prices. The average US tariff rate has surged to 16.8%, the highest since 1935, contributing to the overall somber consumer mood.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.