University of Michigan's Consumer Sentiment Index shows negative economy perception despite strong economic data.
Despite strong economic data, including slowing inflation, a healthy labor market, and rising stocks, many Americans still feel negatively about the economy, according to the University of Michigan's Consumer Sentiment Index. This disconnect suggests that consumer sentiment, which drives over two-thirds of GDP, may not accurately reflect the current economic situation. The reasons behind this disconnect are unclear.
May 03, 2024
4 Articles