US consumer sentiment unexpectedly jumped in November!
The University of Michigan's preliminary sentiment index rose to 51.0, up from 48.0 in October — beating economists' forecast of 48.0.
Current conditions: 51.0 (from 46.7)
Expectations: 50.9 (from 48.8)
1-year inflation expectations eased to 4.3% from 4.7%
Consumers are feeling a little more upbeat about their finances and the economy, though sentiment is still near historically low levels. The survey was conducted Oct 20 – Nov 2, before the midterm results.
#USConsumer #Economy #Inflation #MichiganSentiment #FinanceNews #Zimbuck
The University of Michigan's preliminary sentiment index rose to 51.0, up from 48.0 in October — beating economists' forecast of 48.0.
Current conditions: 51.0 (from 46.7)
Expectations: 50.9 (from 48.8)
1-year inflation expectations eased to 4.3% from 4.7%
Consumers are feeling a little more upbeat about their finances and the economy, though sentiment is still near historically low levels. The survey was conducted Oct 20 – Nov 2, before the midterm results.
#USConsumer #Economy #Inflation #MichiganSentiment #FinanceNews #Zimbuck
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