U.S. Consumer Sentiment Improves for First Time in Five Months as Inflation Expectations Stabilize
U.S. consumer sentiment improved for the first time in five months, beating economists' estimates, as inflation expectations stabilized.
The University of Michigan's consumer sentiment index rose to 67.8 in August, from 66.4 a month earlier. That's better than the median estimate of 66.9, according to a Bloomberg survey of economists.
Year-ahead inflation expectations came in at 2.9%, unchanged for a second straight month, and within the 2.3% to 3% range seen in the two years before the pandemic, according to the survey. Long-run inflation expectations were at 3.0%, unchanged from that last five months.
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Moomoo Senior News and Community Manager
Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
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intuitive jackal : you know that's a lie, right. just like CPI and the jobs number, they always revise it up or down. they use the lie to suck in retail so they can steal more money
72791323 : They do always seem to be revising the unemployment numbers There’s an election soon so they want to look good and prop up the economy they’ve destroyed