The members of the Country count at Camp Kenny Polcari and Jose Torres make consumer stress.
The feeling of consumers in the United States fell more than expected in February to the lowest level in more than a year, while expectations about inflation increased amid the uncertainty surrounding President Donald Trump’s tariff plans.
On Friday, consumer surveys at the University of Michigan issued a consumer morale index, which decreased from 71.7 in January to 64.7 in February. This is the least reading since November 2023 and was weaker than the initial reading of 67.8, which was the expectations of the consensus between the economists included in Reuters.
Consumer Director Joan Hessa’s polls noted that although the feelings fell on both Democrats and independents, they did not change for the Republicans, which she wrote to reflect “the ongoing differences on the consequences of new economic policies.”
Families also increased to 4.3 % over the next year – the highest level since November 2023 and a sharp increase of 3.3 % last month.
Federal Reserve officials, the growing flag, the risk of inflation, amid uncertainty about Trump’s policies, definitions
Consumer confidence fell more than expected in February. (Victor J. Blue / Bloomberg via Getty Images / Getty Images)
HSU added that the current reading of inflation expectations is “now much higher than the 2.3-3.0 % range that was seen in the two years before the epidemic.”
Over the next five years, families said they expect inflation will work by 3.5 %, which is the highest level since 1995 and an increase of 3.2 % in January. HSU indicated that the largest increase in the month in the scale since May 2021.
“For each of the short and long -term inflation expectations, increases for this month were widespread and seen through age and age groups. Inflation expectations this month for independents and democrats alike, they fell slightly for the Republicans.”
Federal reserve minutes are exposed to definition tariffs in concerns about high inflation
Families have jumped to the highest level since November 2023. (Gabby Jones / Bloomberg via Getty Images / Getty Images)
This report comes with the appearance of inflation with a 2 – % higher federal reserve goal in recent months. The consumer price index, the famous inflation scale, came more hotter than expected by 3 % year on January.
President Trump’s plans did not receive during his first month in his post. 10 % of the customs tariffs are announced on imports from China, in addition to the existing fees, which has been in effect since then. Also, Trump was also 25 % on a tariff in Canada and Mexico until at least early March after the two countries announced border security measures.
Get Fox Business on the Go by clicking here
It has also announced a 25 % tariff on imported steel and aluminum, in addition to calling for a mutual tariff plan that would correspond to the customs tariff with those that other countries are imposed on American exports – which are expected to be implemented after completing the study by the study study in the administration in April.
Reuters contributed to this report.