Sentiment soars as consumers expect easing of inflation
December 22, 2023
December 22, 2023
ANN ARBOR, Michigan, Dec. 22 -- The University of Michigan issued the following news release:
Consumer sentiment soared 14% in December, reversing four consecutive months of declines and reaching its highest reading since July, according to the University of Michigan Surveys of Consumers.
These trends are rooted in sharp improvements in how consumers view the trajectory of inflation, said U-M economist Joanne Hsu, director of the Surveys of Consumers.
Senti . . .
Consumer sentiment soared 14% in December, reversing four consecutive months of declines and reaching its highest reading since July, according to the University of Michigan Surveys of Consumers.
These trends are rooted in sharp improvements in how consumers view the trajectory of inflation, said U-M economist Joanne Hsu, director of the Surveys of Consumers.
Senti . . .