Consumer Confidence Soars as Inflation Concerns Subside
TL;DR Summary
U.S. consumer confidence rebounded in mid-December, with the University of Michigan's survey showing a surge in sentiment to 69.4 points from 61.3 in November, surpassing economists' expectations. The increase in confidence is attributed to easing inflation, leaving Americans feeling more positive about the economic future.
Topics:business#economic-future#economy#inflation-pressure#sentiment#university-of-michigan#us-consumer-confidence
- U.S. Consumer Confidence Jumps in December as Inflation Pressure Eases The Wall Street Journal
- Inflation expectations plunge in closely watched University of Michigan survey CNBC
- Consumer sentiment rises as inflation concerns ease Yahoo Finance
- Inflation expectations hit lowest level in more than two years Yahoo Finance
- University of Michigan Consumer Sentiment Index Jumps as Inflation Worries Fade Bloomberg
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