Inflation Worries Depress Consumer Sentiment, May Boost Social Security Adjustments

Consumer sentiment in the U.S. has fallen to a record low, primarily attributed to persistent inflation. The ongoing conflict with Iran, impacting the Strait of Hormuz, is cited as a key factor in rising oil and gas prices. Analysts project a potential 3.9% increase for the 2027 Social Security Cost-of-Living Adjustment, with further rises possible if inflationary pressures continue.