– US consumer sentiment continues to brighten The mood barometer rose slightly from 79 to 79.6 points. Experts expect more increases. Published today at 4:43 PM Consumers expect the inflation rate for goods and services to be 3% over the next twelve months. Image: Hannah Beier/Bloomberg US consumer sentiment improved slightly in February. The barometer rose to 79.6 from 79.0, the University of Michigan reported on Friday based on its monthly survey. Experts polled by Reuters had expected a strong increase to 80.0 points, after mood was noticeably brighter at the start of the year. Consumers rated their situation somewhat worse in February, but had a better outlook than before. US consumers face rising inflation, which is gradually easing: the inflation rate fell to 3.1% in January and is still above the central bank's stability target of 2%. Consumers' inflation expectations have now increased slightly: looking ahead to the next twelve months, they expect the inflation rate for goods and services to be 3.0%. In January, consumers estimated 2.9%. The Federal Reserve is trying to push inflation toward its target of 2% with tighter monetary policy. It has raised interest rates from near zero to 5.25 to 5.50% from early 2022. According to Fed Chairman Jerome Powell, the central bank has made progress in fighting inflation. However, before cutting interest rates, it must be certain that inflation is moving steadily toward the central bank's target. An interest rate reversal in financial markets is not expected until mid-year. Producer prices, an early signal of rising inflation, rose more than expected at the start of the year. From the perspective of financial markets, this also speaks against an early interest rate cut. Reuters Is there an error? Report now. 0 comments Herman Webb“Amateur coffee fan. Travel guru. Subtly charming zombie maven. Incurable reader. Web fanatic.” Continue Reading Previous Austria suspends digital tax against US for long – Economy –Next Table Tennis World Cup: USA no holds barred for Ovcharov and co. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. More Stories 3 min read Top News Nicolas Loufrani: Young Londoners Design Afro Hair Emojis January 13, 2025 Alban Parsons 2 min read Top News US Election: Trump Vs. Harris – 2024 poll numbers in America September 19, 2024 Herman Webb 1 min read Top News Börse Express – USA: Retail sales rise unexpectedly September 17, 2024 Herman Webb
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