ABC News on Nostr: US consumer sentiment rises slightly on Democratic optimism over Harris' presidential ...
US consumer sentiment rises slightly on Democratic optimism over Harris' presidential prospects
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US consumer sentiment rose slightly this month due to Democratic optimism over Vice President Kamala Harris' presidential prospects; The University of Michigan's consumer sentiment index increased from 66.4 in July to 67.8 in August; Expectations for the future rose, while assessment of current economic conditions slightly declined; Democrats and political independents showed increased sentiment, while sentiment among Republicans fell; 41% of consumers considered Harris the better candidate for the economy, compared to 38% who chose Republican nominee Donald Trump; The Michigan index has rebounded from a low of 50 in June 2022, but remains below healthy levels; American consumers have kept spending despite feeling grumpy due to inflation; The Federal Reserve is expected to begin cutting rates at its next meeting in September.
#UsConsumerSentiment #DemocraticOptimism #KamalaHarris #PresidentialProspects #UniversityOfMichigan #EconomicConditions #DonaldTrump #Inflation #FederalReserve
https://abcnews.go.com/US/wireStory/us-consumer-sentiment-rises-slightly-democratic-optimism-harris-112893166
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US consumer sentiment rose slightly this month due to Democratic optimism over Vice President Kamala Harris' presidential prospects; The University of Michigan's consumer sentiment index increased from 66.4 in July to 67.8 in August; Expectations for the future rose, while assessment of current economic conditions slightly declined; Democrats and political independents showed increased sentiment, while sentiment among Republicans fell; 41% of consumers considered Harris the better candidate for the economy, compared to 38% who chose Republican nominee Donald Trump; The Michigan index has rebounded from a low of 50 in June 2022, but remains below healthy levels; American consumers have kept spending despite feeling grumpy due to inflation; The Federal Reserve is expected to begin cutting rates at its next meeting in September.
#UsConsumerSentiment #DemocraticOptimism #KamalaHarris #PresidentialProspects #UniversityOfMichigan #EconomicConditions #DonaldTrump #Inflation #FederalReserve
https://abcnews.go.com/US/wireStory/us-consumer-sentiment-rises-slightly-democratic-optimism-harris-112893166