A rising number of Americans are anxious about the state of the US economy — and it’s all about inflation.
The latest University of Michigan consumer sentiment survey released Friday showed headline sentiment declined to its lowest level in seven months as pessimism over the inflation outlook drove down February’s preliminary read and one-year inflation expectations jumped to 4.3% from 3.3% last month.
This was the highest reading for inflation expectations since November 2023 and marked two consecutive months of “unusually large” increases, according to the release.
Alexandra Canal | Yahoo Finance