U.S. consumer sentiment slumped further in May while one-year inflation expectations surged as households remained concerned about the economic impact of President Donald Trump's aggressive and often erratic trade policy.
U.S. consumers are becoming increasingly worried that tariffs will lead to higher inflation, according to a University of Michigan survey released Friday.
-- CNBC (@cnbc.com) May 16, 2025 at 1:01 PM
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Related ...
US Import Prices Unexpectedly Rise in April
money.usnews.com
... U.S. import prices unexpectedly rose in April as a surge in the cost of capital goods offset cheaper energy products.
Import prices gained 0.1% last month after dropping 0.4% in March, the Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast import prices, which exclude tariffs, would decrease 0.4%. In the 12 months through April, import prices edged up 0.1%. ...
Imported fuel prices fell 2.6% in April after decreasing by 3.4% in March.
Food prices were unchanged after dipping 0.1% in the prior month.
Excluding fuels and food, import prices shot up 0.5%. That followed a 0.1% dip in March.
In the 12 months through March, the so-called core import prices increased 0.8%.
Prices for imported capital goods jumped 0.6%, while those of consumer goods excluding motor vehicles increased 0.3%. Prices for imported motor vehicles, parts and engines rose 0.2%. ...
@#3 ... I spend lots of time surveying the internet. ...
The Univ of Michigan Consumer Sentiment survey is done on a daily basis, with the results tallied and released every two or three weeks. ( www.sca.isr.umich.edu )
A couple interesting results noted, but was not mentioned in the article (I heard it from Consumers Director Joanne Hsu when she was interviewed on BloombergTV)...
1) Consumer Sentiment seemed to rise in the last couple days of the surveys after Pres trump retreated from his 145% China tariffs.
2) The latest results are starting to show Republicans expressing an increasing concern about the economy going forward. That was new since the prior survey.
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