​Surge In ‘Hope’ Lifts UMich Consumer Sentiment In Early November Survey – Tyler Durden

Surge In ‘Hope’ Lifts UMich Consumer Sentiment In Early November Survey Preliminary November survey data from the University of Michigan showed overall US consumer sentiment jumped higher, led by ‘hope’ as the Expectations sub-index jumped to the highest since July 2021 (while current conditions dipped)… Source: Bloomberg Expectations over personal finances climbed 6% in part due to strengthening income prospects, and short-run business conditions soared 9% in November.   Long-run business conditions increased to its most favorable reading in nearly four years. Inflation expectations were mixed with 12-month expectations dropping to 2.6% – the lowest since Dec 2020 – while…  — Continue at ZeroHedge News : Read More