#TarriffsPause

Consumers expressed intensifying unease about economic policy developments,” said Consumers Surveys Director Joanne Hsu. “The announcement was not enough to settle consumers’ concerns over the potential impact of trade policy on the economy.”

Hsu said the pause helped soften pessimism over inflation expectations, as it improved slightly from earlier in the month. However, the readings were still historically high. Consumers expect inflation to reach 6.5% over the next year, the highest since 1981.