US Consumer Sentiment Drops to Seven-Month Low on Price Worries
- Short-term inflation views jump to 4.3% in early February
- University of Michigan sentiment index at 67.8 after 71.1
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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.