Consumers Feel Better – But Not Great – About the Economy
Consumers Feel Better – But Not Great – About the Economy |
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| In July, consumer sentiment rose and hit its highest level since September 2021. The lessening of inflation and the continued strength of the job market are behind the increase. Overall sentiment remains low.
Be smart: Usually, when consumers sour on the economy, they cut back on spending. This has traditionally made consumer sentiment a key gauge in tracking the economy.
Looking ahead: In the coming months, we will see if sentiment returns to being a reliable barometer of the economy. |