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Consumer sentiment in the United States improved as employment growth accelerated with another fiscal stimulus package in April. At the same time, inflation expectations soared to their highest levels in nine years.
The University of Michigan Preliminary Emotion Index rose from 84.9 in March to 86.5, as data released on April 16 show. This number was softer than the 89 predictions from the Bloomberg economist survey, but it’s still at a high level of pandemic.
As the economic recovery strengthens, consumers will be brighter. The surge in consumer demand is expected to bring the United States back to pre-pandemic power. At the same time, policy makers are watching carefully how prices rise as the economy gets on track.
Consumers expect inflation to rise 3.7% next year, the highest since March 2012. Consumers expect prices to rise 2.7% over the next five years from 2.8% last month.
According to a survey conducted from March 24th to April 14th, the gauge of the current situation rose to 97.2 and the expected reading was kept at 79.7.
“Farly fewer consumers mention the attractiveness of low prices based on improved employment and revenue outlooks, justifying their purchases,” research director Richard Curtin said in a report. It was.
Respondents showed a brighter stance on the current financial situation, and purchasing conditions remained strong.
— With the support of Khris Middleton
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Consumer sentiment rises with inflation expectations
https://www.ttnews.com/articles/consumer-sentiment-rises-along-inflation-expectations Consumer sentiment rises with inflation expectations