US Consumer Inflation Expectations and Economic Worries Reach New Highs
TL;DR Summary
US consumer long-term inflation expectations have hit a 12-year high, with five- to 10-year inflation views rising to 3.2% in early May, according to the University of Michigan. Meanwhile, consumer sentiment has fallen to a six-month low, reflecting growing concerns about the economic outlook. Consumers anticipate costs rising 4.5% over the next year, compared to last month’s 4.6%.
Topics:business#consumer-sentiment#economics#inflation#long-term-expectations#university-of-michigan#us-economy
- US Consumer Long-Term Inflation Expectations Hit 12-Year High Bloomberg
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- Preliminary consumer sentiment reading falls short of May expectations: University of Michigan Yahoo Finance
- Wall Street Roots for Bad News. Consumers See Plenty Already. Barron's
- American consumers are growing worried about a US debt default CNN
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