According to a preliminary report by the University of Michigan, U.S. consumers expect inflation in the coming year to reach 4.3%. This is the highest reading since 2023. Economists have pointed out that President Donald Trump's proposal to impose tariffs on many products imported into the United States would increase prices for U.S. customers. Consumer sentiment data … [Read more...] about Wallets Tighten as Inflation Expected to Climb to 4.3%