3.1%. This marks the highest reading since May 2024, as consumers brace for potential price increases due to escalating trade tensions. The survey also showed that consumers are more optimistic about the labor market, with expectations for job security and earnings growth improving. The January Consumer Price Index reading, due on Wednesday, will provide further insight into inflation trends and their impact on the economy.
Overall, despite President Trump’s latest tariff threats, US stocks rebounded on Monday, with tech and energy stocks leading the way. Investors seem to be taking Trump’s trade salvos in stride, viewing them as negotiation tactics rather than immediate threats. However, concerns about inflation and interest rate hikes persist, as markets closely monitor economic data and corporate earnings reports throughout the week.