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Worries about inflation persist even as wages are rising but will consumer sentiment improve this year?
The PCE report for November shows that prices fell slightly and disposable personal income rose, along with the savings rate.
Consumers are now more upbeat, convinced inflation is heading down, according to the University of Michigan Consumer Survey for December.
The latest consumer survey from the University of Michigan shows that sentiment dropped for the fourth straight month.
In one poll, 44% of respondents say they’re stressed about the economy. Meanwhile, 34% say they’re optimistic.
As price gains cool down, we consider the risk that the trend will go too far. Plus, is consumer sentiment a trustworthy indicator of economic activity?
Households feel their finances have been improving, the New York Fed says. But Americans appear to be racking up more credit card debt.
We asked content creator and independent economics educator Kyla Scanlon if consumer sentiment is finally matching up with economic data.
The University of Michigan’s consumer sentiment index is up 40% over last year, aided by moderating inflation and job market strength.
Tracking how shoppers feel is important — consumer spending makes up a whopping 70% of GDP.