US consumer sentiment plummeted in May to its lowest since June 2022, driven by escalating inflation concerns tied to President Trump's trade policies. Despite recent tariff reductions with China, inflation expectations surged, with consumers anticipating a 7.3% rise over the next year. This persistent anxiety may influence the Federal Reserve's monetary policy decisions, potentially delaying interest rate cuts.from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8J9a6lq
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