Consumer sentiment experienced a significant decline in early March, driven by soaring inflation expectations. Reports indicate that U.S. consumer sentiment dropped sharply as concerns over inflation, partly fueled by Trump’s tariffs, intensified. These tariffs have contributed to economic nervousness among the public, leading to a slump in consumer confidence to its lowest point since 2022. The uncertainty surrounding trade policies and their inflationary impacts has left consumers increasingly anxious about the economy’s future. — news from Axios