U.S. inflation is much higher than the 2% target routinely outlined by the Federal Reserve.
According to a monthly Consumer Sentiment study from market research company Numerator, 78% of Americans think “inflation will increase” in the next few months. In addition, 68% of people say the U.S. economy will worsen in the next few months.According to a monthly Consumer Sentiment study from market research company Numerator, 78% of Americans think “inflation will increase” in the next few months. In addition, 68% of people say the U.S. economy will worsen in the next few months.
April’s inflation data showed that U.S. inflation eased to 4.9% year-over-year, the first time it has been below 5% in two years, but actually increased 0.4% from the prior month. Despite cooling inflation over the last year, Americans are still worried about rising prices. Home prices rose in March partially over limited supply, according to the Case-Shiller Index, and food prices were 8.5% more expensive in March than they were a year ago .
These pessimistic economic fears have remained fairly consistent in recent months as many Americans are fearful of a potential recession, polls show.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NYPD: Jean Jabouin, 78, missing from nursing home in Kew Gardens, QueensPolice say he was last seen around 10:15 a.m. Monday leaving the facility on Grenfell Street in Kew Gardens.
Read more »
Federal employee stops man with knife at revolving door at Dirksen Federal BuildingA man holding a knife was stopped from entering the Dirksen Federal Building after a judicial worker stuck their foot in a revolving door to stop him from getting in earlier this month.
Read more »
Chester mental health unit opens two hospital beds for Welsh mumsNew unit to reserve two hospital beds for mums needing support - over the border in Chester.
Read more »
Honoring Black Americans’ role in the inception of Memorial DayThe holiday, which originated as Decoration Day, initially began when formerly enslaved individuals and their descendants gathered to honor and decorate the graves of Union soldiers who fought during the Civil War.
Read more »
Firm accused of making over 7.5 billion robocalls hit with suit: ‘Americans are sick and tired’Attorneys general across the U.S. joined in a lawsuit against a telecommunications company accused of making more than 7.5 billion robocalls to people on the national Do Not Call Registry. The 141-…
Read more »
Millions of Americans could lose their jobs if US defaults in daysGet ready to see millions of Americans lose their jobs if Congress doesn't raise the debt ceiling in the next few days
Read more »