Consumer Sentiment Slightly Ups, Inflation Expectations Drop
Update: 2025-12-05
Description
The University of Michigans consumer sentiment index ticked up slightly to 53.3, surpassing economists predictions, but still far from the January peak of 71.7. Despite a glimmer of hope in future outlook, current economic conditions remain a concern. Inflation expectations dropped to 4.1%, the lowest since January, possibly due to the impact of tariffs on consumer prices. The average US tariff rate has surged to 16.8%, the highest since 1935, contributing to the overall somber consumer mood.
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