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Consumer mood rolled in March as the influence of President Donald Trump’s Tariff Policies and High price increase Stay the best concerns for Americans.
Most recent Michigan University Consumer Survey Released Friday showed the lowest level since November 2022.
Inflation in March was reduced to 4.9% to 4.9% a year ago, re-inflation-related inflation-related inflation expectations. Only two months ago, consumers waited only 3.3% inflation in the coming year.
Inflation expectations, which followed expectations in the next five-10 years, hit 3.9% to 3.9% in March. This has been the highest level of long-term inflation expectations since 1991. Expected change in release, unemployment The lowest level since a large financial crisis.
“The current economic conditions have changed, the future expectations of the economy, including individual finance, inflation, inflation, and” the University of Consumer Joanne HSU University “
HSU added that often parties in economic policies make consumers a “very difficult” to plan for the future and therefore. In consumer feeling, the new Trump leadership has fulfilled the tariffs of imports from many countries, but often approached what the true tariff rates will happen and when it will happen. The European Union and Canada have now threatened the retaliatory tariffs in the United States.
The back and forth tariff did not yet hit the incoming inflation information. A report at the beginning of this week Bureau of Labor Statistics “Basic” Price Index (PPI) – Price changes showed that the company’s food and energy and excludes increased by 3.4% in January. One day ago, the Bureau’s Consumer Price Index (CPI) increased by 3.1% of core prices in February, The lowest annual increase in Core CPI since April 2021.
Capital Economic Assistant Harry Chambers, the increase in inflation expectations in revitalization of information, which was reported on Friday, “Completely increased concerns about the effects of tariffs.”
