NPR's Scott Simon asks Austan Goolsbee of the Federal Reserve Bank of Chicago about consumer sentiment and inflation.
Americans' confidence in the economy remains in solidly negative territory as Gallup's Economic Confidence Index (ECI) holds steady at -19.
Luxury brands hiked up their prices about 20% between 2021 and 2023, steering off middle-income shoppers facing financial pressure.
Inflation expectations soared in the latest consumer sentiment reading, partly due to worries about potential tariffs.
Consumer sentiment plummeted to its lowest level since November 2023 this month, according to the final report for the ...
British consumers turned a little less pessimistic this month as the Bank of England's latest interest rate cut led to an ...