Eastern consumer moods are immersed in concerns about the cost of inflation and tariffs

Us consumers’ moods In February, more than expected to the lowest level per year, and the expectations of inflation increased amid uncertainty related to President Donald Trump’s tariff plans.

At Michigan University on Friday, consumer polls released their consumer sentiment index, which decreased from 71.7 in January to 64.7 in February. This is the lowest reading since November 2023 and was weaker than the previous reading of 67.8, which was the only expectation among the economists surveyed by Reuters.

Consumer Director’s polls Joanna Cho stated that while the sentiment fell for both the Democrats and the independent, it was unchanged for the Republicans that she wrote, reflecting “a continuation of differences on the consequences of a new economic policy.”

Households’ Inflation expectations Also next year, it increased to 4.3% – the highest level since November 2023 and sharp oppression with 3.3% last month.

Fed officials pull off risks for inflation against the background of uncertainty over Trump’s policy, tariffs

Consumers’ trust plunged more than expected in February. (Victor J. Blue / Bloomberg via Getty Images / Getty Images)

HSU added that the current reading expectations “is now much higher than the 2.3-3.0%range, which is observed two years before the pandemic.”

Over the next five years, the households said they expected the inflation to be 3.5%, which was the highest since 1995 and increased compared to 3.2% in January. HSU noted that this is the largest increase in metric from the moon since May 2021.

“As for the short and for long -term inflation expectationsThe increase in this month was widespread and is observed in income and age groups. And inflation expectations have grown this month for both independent and democrats; They fell a little on the Republicans, ”the choices wrote.

Minutes Fed show tariffs that cause more inflation problems

Since November 2023, households have jumped to the highest level. (Gabi Jones / Bloomberg via Getty Images / Getty Images)

The report comes when inflation has remained stubbornly above 2% of the federal reserve target. Entered the consumer price index, a popular inflation sensor Milk than expected by 3% annually for January.

President Trump The tariff plans formed during the first month in office. It announced 10% of the tariffs for imports from China, except for existing levies that have come into force since then. Trump also postponed 25% of the tariffs on Canada and Mexico before the beginning of March after the two countries announced border security measures.

Get the Fox Business on the go by clicking here

It also announced 25% tariffs on imported steel and aluminumAs well as the call to the mutual tariff plan that fits the tariffs on those imposed by other countries on American exports – which is expected to be implemented after the completion of the administration’s study in April.

Reuters contributed to this report.