Washington CNN —
Summary Americans increasingly expect higher inflation and more predict a recession, with expectations for future conditions at a 12-year low. President Donald Trump’s fluctuating trade policies have created uncertainty among consumers, businesses and investors. Federal Reserve officials are taking a wait-and-see approach before adjusting interest rates. The US labor market remains strong with unemployment at 4.1% despite signs of economic weakness. This summary was AI-generated and reviewed by CNN editors.
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