Fears about tariff-reduced inflation has fallen significantly since February, according to a University of Michigan survey released Friday.
Year-ahead inflation expectations (the expected percentage change in the price level of goods and services over the next 12 months) dropped for a second straight month, falling from 5% in June to 4.4% this month, the lowest since February 2025, according to the survey data.
Additionally, long-run inflation expectations (the average rate of inflation that people anticipate will prevail over a longer period) dropped for the third straight month, falling from 4% in June to 3.6% in July.
Read more at Newsmax© 2025 Newsmax. All rights reserved.