Consumers who identified as Republicans reported a flat reading for sentiment and a small decline in inflation expectations, “reflecting continued disagreements on the consequen

U.S. consumer sentiment dropped more than expected in February to a 15-month low and inflation expectations rocketed as households worried that President Donald Trump's plans for steep and broad-based tariffs would eat into their purchasing power.

Inflation expectations surged on concerns that President Donald Trump’s tariffs will translate into higher prices, according to the UM survey.