Consumer inflation fears spike in February as tariff worries hit sentiment

Respondents expect the inflation rate a year from now to be 4.3%, a 1-point jump from January and the highest level since November 2023.

Topics

Consumer sentiment drops sharply in February as inflation worries soar

The University of Michigan’s gauge of consumer sentiment fell to 67.8 in a preliminary February reading, down from 71.1 in the prior month and the lowest reading since July.
MarketWatch - 1h
Trump’s Tariff Plan Is Looking Potentially Disastrous for Inflation

Here’s why Trump’s opening tariff salvo will likely hurt U.S. consumers.
Inc. - 22h

Here's where the jobs are for January 2025 — in one chart

Health care and retail were strong areas for the U.S. economy in January.
CNBC - 2h
Bill Ackman reveals he's been building a more than $2 billion stake in Uber

The hedge fund manager said his fund began buying Uber shares in early January and has amassed 30.3 million shares, worth $2.3 billion.
CNBC - 18m
Minneapolis Fed's Kashkari expects lower interest rates later this year

In a CNBC interview, the central bank official expressed confidence that inflation will continue to drift down to the Fed's 2% target.
CNBC - 1h
Amazon scrubs DEI mention from its annual report

Amazon has removed any references to diversity and inclusion from its most recent annual report.
CNBC - 17m
Vance tells Musk that DOGE staffer who resigned for racist tweets should be re-hired

Marko Elez was on the DOGE team formed by Elon Musk and tasked by President Donald Trump with cutting federal spending and reducing the government workforce.
CNBC - 11m

Affirm shares soar 22% on revenue beat, surprise profit during holiday period

The buy now, pay later company topped Wall Street's fiscal second-quarter revenue forecast and posted a surprise profit amid a strong holiday shopping season.
CNBC - 6m
Vance tells Musk that DOGE staffer who resigned for racist tweets should be re-hired

Marko Elez was on the DOGE team formed by Elon Musk and tasked by President Donald Trump with cutting federal spending and reducing the government workforce.
CNBC - 11m
One of tax return filing season's biggest financial risks isn't an IRS audit

The fake IRS emails and texts announcing tax refunds and credits are already on the way. It's tax filing season, so beware of the onslaught of financial scams.
CNBC - 12m
White House calls mixed jobs numbers 'weak,' blames Biden

President Donald Trump's top economic aide, Kevin Hassett, said, "We're inheriting a very difficult jobs market because of Joe Biden's terrible policies."
CNBC - 17m
Amazon scrubs DEI mention from its annual report

Amazon has removed any references to diversity and inclusion from its most recent annual report.
CNBC - 17m