Bad news for the economy! People in the US are feeling less confident about the future. This is because prices are going up (inflation) and people are worried about new taxes on things we buy from other countries.
- Consumer confidence dropped to its lowest point in over a year.
- People think prices will keep rising, even more than before.
- This is partly because of new taxes on goods from other countries.
| What | Number |
|---|---|
| Consumer confidence (February) | 64.7 (lowest in over a year!) |
| Expected inflation (next year) | 4.3% (highest since November 2023!) |
| Expected inflation (next five years) | 3.5% (highest since 1995!) |
