Jill On Money: Consumers and investors feel better ...Middle East

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A funny thing happened on the way to 2024: Consumers feel better! The University of Michigan consumer sentiment index jumped 13 percent in January from December to reach its highest level since July 2021. The reading follows a sharp increase in December and cumulatively sentiment has climbed 29%, the largest two-month increase since 1991. The positive trend, which persisted across different regions, incomes, ages, and education attainment, is likely due to the same culprit that drove sentiment into a ditch: inflation. Joanne Hsu, director of consumer surveys at the University of Michigan, said the gains were “supported by confidence that inflation has turned a corner,” underscored by the sur

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Last updated : 29 January 2024 clock 07:04 PM

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Jill On Money: Consumers and investors feel better ...Middle East

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