The University of Michigan’s index of consumer sentiment rose in early December to its best reading since April, boosted by more positive views among Republicans and independents following the election of Donald Trump.
Republicans haven’t felt this optimistic about the economy since October of 2020.
As Donald Trump has surged in polls, consumer sentiment among Republicans is soaring.
A growing partisan divide pushed consumer sentiment higher despite the economy seeming worse to Republicans and independents.
In a presidential election year, many economic surveys cannot escape the gravity of expectations about the outcome of the presidential election.
US consumer sentiment dropped in July to its lowest level in eight months as persistent high prices and stubbornly high inflation continued to erode confidence in personal finances. According to the University of Michigan, the final July sentiment index fell
Inflation is still a big weight on consumer views about economy.
The University of Michigan’s consumer sentiment index fell to 69.1 in May, a sharp decline from 77.2 in April, marking the lowest reading in five months.
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year.
In the first three months of the year, inflation measured by the consumer price index has run at a 4.6 percent annualized rate, much higher than the 1.9 percent rate in the final three months of last year.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the fall in consumer sentiment in the University of Michigan survey, which was the worst intramonth fall since March of 2020,
The drop in retail sales in January did not reflect a decline in consumer sentiment.
This week’s economic data very likely pushed the timing of a rate cut further out on the calendar.
Increasing Republican optimism about the presidential election helped fuel a sharp rise in consumer sentiment.
Pick any measure of consumer sentiment you find and the reading will be the same: the Biden economy stinks.
While a majority of Democrats say they are better off, only a tiny slice of Republicans and independents feel that way.
Americans are less worried about inflation and that is giving a boost to consumer sentiment. The University of Michigan’s consumer sentiment index rose to 69.7 in December, nearly 14 percent above the November reading and a few points ahead of
The inflation report released Tuesday is unlikely to do much to support the idea that Bidenomics has been a boon for the American economy.
A growing share of consumers think next year’s election will produce results favorable to the economy.
Someone forgot to tell American families that inflation has been canceled.
Consumers do not expect lower inflation to last.
A significant gloom enveloped American households in October as expectations for business conditions plunged and consumers increasingly worried that inflation is hurting their personal finances.
President Joe Biden’s attempt to jawbone Americans into being happier with the U.S. economy is not working.
The data this week that has inspired such confidence that we are heading for a soft-landing should likely be interpreted as signaling that monetary policy is not yet restrictive enough.
Republicans pinning their hopes for 2024 on Bidenomics being a flop should develop a backup plan.
Reports of falling inflation have given a big boost to consumer sentiment.
Following the debt ceiling deal, consumer sentiment improved significantly.
Expectations for the near-term and long-term plunged in May as consumers fear the recession they see coming.
The Federal Reserve fired a shot across the bow of market complacency on interest rates.
Consumer sentiment unexpectedly plunged and long-run expectations for inflation jumped up.
No material change in the overall assessment of economic conditions.
Consumers are worried about a looming recession more than the turmoil in the banking sector.
Consumer sentiment fell further from already depressed levels in March.
Sentiment up among Republicans and down among Democrats after Republicans assume control of the House.
Consumers are likely to “exercise greater caution” with their spending in the months ahead thanks to high prices and worries that unemployment is poised to rise.
This might be one of the most hated stock market rallies in history. The American public’s bearishness on stocks is accompanied by a dour view of our economic prospects over the next six months.
Even with the bigger-than-expected lift and softer inflation expectations, consumer sentiment remains in the doldrums and below where it was a year ago.
The Christmas spirit is spreading across the land.
Expectations for retail sales are still high this year. Will declining consumer sentiment throw a monkey wrench into the works?
Here we go again. The Commerce Department on Wednesday said that consumer spending grew by 1.3 percent compared with September, when spending was unchanged with the prior month. Compared with a year ago, retail sales were up 8.9 percent. Total
