University of Michigan: Rising Wages Drives Both Optimism, Pessimism on Inflation
April 30, 2022
April 30, 2022
ANN ARBOR, Michigan, April 30 (TNSRes) -- The University of Michigan issued the following news release:
Consumers voiced much more positive views in April, rising 9.8% above March, according to the University of Michigan Surveys of Consumers.
Most of the surge was concentrated in expectations, with gains of 21.6% in the year-ahead outlook for the economy and an 18.3% jump in personal financial expectations, said U-M economist Richard Curtin, director of the surveys.
Consumers voiced much more positive views in April, rising 9.8% above March, according to the University of Michigan Surveys of Consumers.
Most of the surge was concentrated in expectations, with gains of 21.6% in the year-ahead outlook for the economy and an 18.3% jump in personal financial expectations, said U-M economist Richard Curtin, director of the surveys.