Consumer sentiment surges and inflation outlook falls.
Republicans hope for the election and their lies about the economy melting.
Consumer sentiment has improved amid a drop in gasoline prices and solid stock market gains.
Most Americans say they’re feeling better about the economy than they have in years. That could be good news for Biden.
Gas prices, often a key driver of sentiment, have fallen 40 percent since June 2022, to just over $3 a gallon. Weekly jobless claims are at their lowest level in over a year. And sales of cars, clothing and sporting goods all picked up during the holidays, as consumers felt confident enough to keep spending.
What is that Trump advisor? Could you speak a little louder?
“The economy has clearly gotten better over the last year … No doubt about that,” said Stephen Moore, the founder of the Committee to Unleash Prosperity, a conservative group, and an outside economic adviser to Trump.
Consumer sentiment has improved amid a drop in gasoline prices and solid stock market gains. The price at the pump for a gallon of regular gas is about 30 cents lower than it was a year ago, according to AAA, and the S&P 500 is near a record high.
https://www.cnbc.com/2024/01/19/consumer-sentiment-surges-while-inflation-outlook-dips-university-of-michigan-survey-shows.html