US consumer sentiment has dropped to a two-year low of 57.9, aligning with rising inflation expectations that have surged the most since 1993. Current concerns over tariffs and their potential for increased costs have led to weaker consumer confidence, as reported by the University of Michigan. Respondents predict prices will rise by 3.9% annually over the next 5 to 10 years. With the stock market’s outlook dimming, household financial optimism is also at historical lows, reflecting overall uncertainty around economic policies and their impact on spending habits.
US consumer sentiment has hit a more than two-year low, dropping to 57.9 in March, with inflation expectations also sharply rising, reflecting widespread economic apprehension.
Consumers foresee a 3.9% annual price increase over the next 5-10 years, the highest predicted rate in over three decades, driven by concerns over tariffs.
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