Part 2/8:
The stock market experienced a slight downturn, with the S&P 500 dropping about half a percent and NASDAQ tumbling nearly one percent. This reflects resurgent concerns about inflation, especially as consumer sentiment regarding inflation has shifted distinctly upwards. According to a Michigan consumer survey, respondents expect an inflation rate of 4.3% a year from now, representing a dramatic one-point jump from the previous month, marking the highest expectation since November 2023.