US Consumers Are Panicking Over Reignited Inflation
Get caught up.
Photographer: Apu Gomes/AFP
The Trump administration’s continuing barrage of tariff threats, as well as the Republican president’s looming deadline for automakers next week, sent investors running for the exits again on Friday. With just one session left until the end of a quarter that’s set to be the worst for the S&P 500 since 2022, the gauge slid another 2%.
It also didn’t help that the latest data showed US consumer sentiment tumbled to a more than two-year low while long-term inflation expectations jumped to a 32-year high as American anxiety over Trump’s handling of the economy continues to build.