A measure of consumer sentiment has shown a significant increase in the past two months, indicating that Americans are feeling more positive about inflation and the economy. This trend could have a positive impact on consumer spending, economic growth, and potentially affect President Joe Biden's political fortunes.
After an extended period of gloom, Americans are starting to feel better about inflation and the economy—a trend that could sustain consumer spending , fuel economic growth and potentially affect President Joe Biden ’s political fortunes. A measure of consumer sentiment by the University of Michigan has jumped in the past two months by the most since 1991.
A survey by the Federal Reserve Bank of New York found that Americans’ inflation expectations have reached their lowest point in nearly three years. And the same survey, released last week, found that the proportion that expect their own finances to improve a year from now is at its highest level since June 2021. Economists say consumers appear to be responding to steadily slower inflation, higher incomes, lower gas prices and a rising stock marke
Americans Inflation Economy Consumer Sentiment Consumer Spending Economic Growth President Joe Biden
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