US Consumer Sentiment Sinks as Tariffs Drive Price Expectations
- Long-term inflation views rise to 32-year high of 4.1%
- University of Michigan sentiment index at 57 after 64.7
Consumers expect prices to rise at an annual rate of 4.1% over the next five to 10 years.
Photographer: Taylor Glascock/BloombergThis article is for subscribers only.
US consumer sentiment tumbled this month to a more than two-year low and long-term inflation expectations jumped to a 32-year high as anxiety over tariffs continued to build.
The final March sentiment index declined to 57 from 64.7 a month earlier, according to the University of Michigan. The latest reading was below both the 57.9 preliminary number and the median estimate in a Bloomberg survey of economists.