(Reuters) - U.S. consumer sentiment dropped unexpectedly in February to a seven-month low and inflation expectations rocketed as households feared it may be too late to avoid the negative effects on their purchasing power from President Donald Trump's threatened tariffs. The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dropped to 67.8 from January's final...

(Reuters) - The Federal Reserve's latest Monetary Policy Report describes the U.S. economy as being in a solid position amid a monetary policy stance that will be driven by incoming economic data. The report, released on Friday ahead of next week's testimony before Congress by Fed Chair Jerome Powell, said central bank officials remain committed to getting inflation back to...

10:30 AM EST, 02/07/2025 (MT Newswires) -- The US economy added fewer jobs than expected in January, while the unemployment rate unexpectedly moved down, according to government data. Total nonfarm payrolls rose by 143,000 last month, the Bureau of Labor Statistics reported Friday. The consensus was for a 175,000 increase, according to a survey compiled by Bloomberg. Gains for December...

Consumer confidence in the U.S. took a bigger-than-expected hit in February as worries over rising inflation weigh on sentiment, posing fresh challenges for the Federal Reserve’s interest rate outlook. The University of Michigan Consumer Sentiment Index dipped to 67.8 in February, according to preliminary estimates released Friday, down by 4.6 percentage points from January and missing economist forecasts of 71.1...