U.S. consumer sentiment improved to 67.8 in August, according to the University of Michigan.
U.S. consumer sentiment improved in August, reaching 67.8 from 66.4 in July as per the University of Michigan's preliminary data. While inflation expectations remained steady at 2.9% for one year and 3.0% for the next five years, the economic outlook strengthened for personal finances and the five-year economic forecast. The survey also revealed a 6% increase in sentiment for Democrats and a 5% decline in sentiment for Republicans.
August 16, 2024
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