US consumers’ long-term inflation expectations rise to highest in 30 years in February

On February 21st, American consumers’ expectations for long-term inflation rates have risen to the highest level in 30 years, and respondents are concerned that Trump’s tariff hikes will lead to price increases. According to a consumer confidence survey by the University of Michigan, consumers expect prices to rise at a rate of 3.5% per year over the next five to ten years, the highest level since Bloomberg compiled data in 1995.