US consumer inflation expectations soar in January on tariff fears
U.S. consumers expect inflation to increase over the next 12 months and beyond, likely reflecting concerns that broad tariffs on imports pledged by President-elect Donald Trump's incoming administration could raise prices for households.
US Consumer Inflation Expectations Jump to Highest Since 2008
US consumers’ long-term inflation expectations jumped to the highest since 2008 on concerns about potential tariffs from the incoming Trump administration.
U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge
Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data
U.S. Consumer Confidence Dips as Inflation Expectations Spike
U.S. consumer confidence clouded over a little this month, after views of the economy weakened on expectations of higher inflation, as President-elect Donald Trump prepares to take office proposing tax cuts and new import tariffs.
Consumer expectations for higher inflation soar in early January
Americans’ expectations for overall inflation over the next year jumped to 3.3% in January from 2.8% in the prior month, according to the University of Michigan’s gauge of consumer sentiment.
Inflation Expectations Reach Highest Level Since 2008
Americans expect prices will climb at an annual rate of 3.3% over the next five to 10 years, up from the 3% expected last month, according to the University of Michigan's preliminary January survey. Mike McKee reports on "Bloomberg Open Interest.
Consumer sentiment slips in January as inflation expectations jump
U.S. consumer sentiment nudged down to 73.2 in January's preliminary estimate, vs. 74.9 consensus from December's 74.0, according to the University of Michigan's Surveys of Consumers released on Friday.
Wall St Week Ahead Inflation report could rattle markets after bond yields climb
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising ...
US Inflation Is Set to Back Fed Pause After Robust Jobs Data
Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and ...
Stock market today: Dow, S&P 500, Nasdaq sink amid jobs report surprise, fresh inflation worries
Stock market today: Dow, S&P 500, Nasdaq sink amid jobs report surprise, fresh inflation worries US stocks plunged on Friday ...
Top Industries Where Pay Is Outpacing Inflation—And Where It's Not
The average American worker's pay increased at about the same rate as inflation in December, but pop the hood and you'll find some workers fared better than others.
Despite inflation, some everyday products actually dropped in price this year
Still, pockets of the food industry currently experiencing shortages due to disease or weather could continue to see higher prices, economists have told CNN. Plus, they note that volatility in food ...
December jobs report: Big 256,000 gain fans inflation fears and Fed rate-cut doubts
The surprising 256,000 increase in new jobs in December and a declining unemployment rate is good news, but the latest ...
Fed finds new reason for confidence in obscure inflation gauge
Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a ...
Cooling COLA: 2024 Social Security Benefits Up 3.2% Amid Lower Inflation
The average Social Security payment will rise by more than $50 per month starting in January, thanks to the federal ...
Nearly a million Australians work two or more jobs as inflation bites
More people than ever before are picking up multiple jobs as the high cost of living pushes Australians to take on extra work ...
UK Inflation-Linked Yields Hit Highest Since Truss’s 2022 Rout
The yield on the UK’s 30-year inflation-linked bonds rose to 2% for the first time since the market meltdown in late 2022.
Brazil's inflation ends 2024 above target, setting stage for more rate hikes
Brazil's annual inflation came in slightly below market forecasts in December but still ended 2024 above the upper limit of ...