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U.S. consumer sentiment hits seven-month high in December, showing mixed views on economic future.
Consumer sentiment in the U.S. reached a seven-month high in December, rising 3.1% from November, driven by improved perceptions of current economic conditions, particularly regarding durable goods purchases.
Year-ahead inflation expectations rose to 2.9%, the highest in six months, while long-term inflation expectations slightly decreased.
The current conditions sub-index surged 21.6%, but consumer expectations for the future dipped slightly.
The data suggests a mixed outlook, with political views influencing inflation expectations, as Democrats anticipate higher price increases under Trump's policies, while Republicans expect a slowdown.
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