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CNBC Daily Open: U.S. consumers are feeling bad and expect inflation to spike

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U.S. consumer hasn't felt so glum about economy since November 2022 .

Consumers expect one-year inflation to jump to 4.9% , University of Michigan survey shows.

Chinese retail sales rose by an expected 4.0% in the January-February period from a year ago .

China announces a "Special Action Plan to Boost Consumption" in a bid to boost domestic consumption.