Consumer sentiment in the United States has fallen to near record lows as inflation expectations surge and trade tensions escalate. Recent surveys indicate that optimism about the economy is dwindling, with many Americans adapting their spending habits due to fears of rising prices tied to tariffs. The preliminary consumer sentiment index registered a decline, dipping below forecasts and hitting levels not seen in three years. A significant portion of consumers now expect prices to rise at rates much higher than current inflation, prompting a cautious approach to spending as concerns about personal finances grow. As the economic landscape remains uncertain, the impact of tariffs continues to shape consumer behavior, leading to a marked reduction in non-essential purchases.