According to The Kobeissi Letter, US consumers expect inflation to rise to 6.0% over the next 12 months, marking the highest level since May 2023 and the third consecutive monthly increase in expectations, as per the Conference Board survey.

According to The Kobeissi Letter, US consumers anticipate inflation to rise to 6.0% over the next 12 months, marking the highest expectation since May 2023 and the third consecutive monthly increase, as per the Conference Board survey. This trend suggests growing concerns among Americans about future price increases.

According to The Kobeissi Letter, US consumers are significantly reducing their spending, with the share of Americans planning vacations within the next 6 months dropping by approximately 5 percentage points to 37%. This is the lowest level since the 2020 pandemic and represents one of the largest monthly declines recorded by the Conference Board Consumer Survey.

According to The Kobeissi Letter, US Consumer Confidence fell by 7 points in February, reaching 98.3, its lowest level since 2022. This marks the most significant monthly decline since August 2021, as reported by the Conference Board. The decreasing consumer confidence could impact cryptocurrency market volatility as investors reassess risk appetite.