”US consumer sentiment slumped in early February to a seven-month low on a spike in short-term inflation expectations related to concerns about tariffs. The preliminary February sentiment index slid 3.3 points to 67.8, according to the University of Michigan. The latest reading trailed all forecasts of economists surveyed by Bloomberg.
“Consumers expect prices to rise at an annual rate of 4.3% over the next year, up a full percentage point from the prior month, the data released Friday showed. And they saw costs rising at an annual rate of 3.3% over the next five to 10 years, up slightly from the previous month.”Sourced From Yahoo Finance (as reported by
Bloomberg)
Related: The rate on the U.S. 10-Year Treasury jumped .051 ppt to just below 4.5% after the report’s release today. That’s still down sharply from a recent high of around 4.8% reached 2-3 weeks earlier.
