US Consumer Sentiment Falls to 44.8, Near June 2022 Low
A third straight monthly drop pushes the index within touching distance of its all-time low, while one-year inflation expectations tick up to 4.8% and the five-year view jumps to 3.9%.
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A third straight monthly drop pushes the index within touching distance of its all-time low, while one-year inflation expectations tick up to 4.8% and the five-year view jumps to 3.9%.
A record-low UMich sentiment print and rising inflation expectations landed on Kevin Warsh's first day as Fed chair, and rate traders are now leaning toward hikes rather than the cuts Trump wanted.
For the first time since 2022, inflation is once again running faster than wage growth in the United States, according…