US consumer sentiment slumped in early February to a seven-month low on a spike in short-term inflation expectations related to concerns about tariffs.The preliminary February sentiment index slid 3.3 points to 67.

Consumer sentiment fell for the second straight month, dropping about 5% to reach its lowest reading since July 2024. Read more here.

WASHINGTON (Reuters) - U.S. homebuilder sentiment tumbled to a five-month low in February amid worries that tariffs on imports would combine with higher mortgage rates to further drive up housing costs.

Confidence among US homebuilders dropped in February to the lowest since before President Donald Trump took office as high mortgage rates and concern over tariffs sapped much of initial optimism for the new presidential administration.