Consumer sentiment momentum stalls along with progress against inflation

CPI News

Consumer sentiment momentum stalls along with progress against inflation
Consumer Sentiment IndexEconomic GrowthFederal Reserve
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Consumer sentiment isn't terrible, and it's not great. And an update Friday to a well-known index showed little change.

FILE - Cashiers process purchases at a Walmart Supercenter in North Bergen, N.J., on Thursday, Feb. 9, 2023. showed little change since the start of the year.

Hsu noted that we were coming off a long period of economic growth with low inflation and low interest rates when the pandemic upended everything. Her survey found Americans expect prices to rise by 3.1% in the year ahead, a small tick up from previous expectations and still above the Federal Reserve’s target of 2% annual inflation.

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