"American Consumer Sentiment Soars to 2½-Year High, Economy Adds 353,000 Jobs"
TL;DR Summary
The final University of Michigan sentiment index for January 2024 rose to 79.0 from the preliminary 78.8, marking the highest level since July 2021. Consumer sentiment surged 13% to its highest level since July 2021, with positive views on personal finances and the macroeconomy. Despite overall optimism, there remains significant disagreement about the economy's future, with 41% anticipating good times ahead for business conditions and 48% expecting bad times. Year-ahead inflation expectations decreased to 2.9%, the lowest since December 2020, and within the pre-pandemic range of 2.3-3.0%.
Topics:business#consumer-sentiment#economics#inflation-expectations#university-of-michigan#usd#yields
- Univ. of Michigan Sentiment final for January 79.0 vs 78.8 preliminary. Last month 69.7. ForexLive
- Economy added 353,000 jobs in January. Shouldn't Americans be upbeat? USA TODAY
- Consumer sentiment in January jumps to highest level in 2½ years MarketWatch
- American consumers feeling more confident than they have in two years The Associated Press
- Tell us: Are you feeling more optimistic about the economy? Why or why not? WJXT News4JAX
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