- NEWS Desk Global
US CONSUMER SENTIMENT SLIPS
In April, U.S. consumer sentiment declined, and households expressed expectations of increased inflation over the next year and beyond. This could potentially lead the Federal Reserve to postpone any interest rate cuts until September.
Despite a robust labor market, persistently high inflation has caused financial markets and most economists to revise down their expectations for the timing of the first rate cut by the U.S. central bank, pushing it from June to September. Additionally, the anticipated number of rate cuts has been reduced from three to two. However, it's worth noting that inflation isn't spiraling out of control. Producer prices increased moderately last month, and other data released on Friday showed that import prices, excluding fuels, barely rose in March after a surge at the beginning of the year.