Consumer spending expectations are on the rise, but Americans' concerns about inflation and interest rates have reached a two-year high. Despite economists' bullish outlook on the US consumer, consumer sentiment does not reflect the same optimism. However, the University of Michigan's consumer sentiment report shows a decrease in the percentage of people expecting higher unemployment in the coming year. On the other hand, US consumer sentiment regarding the stock market is increasing, with around 41% of Americans believing that stock prices will rise in the next 12 months, marking a fresh three-year high.
US consumer sentiment regarding the stock market is rising: ~41% of Americans believe that stock prices will be higher in 12 months, a fresh 3-year high. Since October 2023, this percentage has increased by 7 points and is now rising at its fastest pace since 2020. Since the… https://t.co/nDkR08Fq34
US consumers sentiment regarding the stock market is rising: ~41% of Americans believe that stock prices will be higher in 12 months, a fresh 3-year high. Since October 2023, this percentage has increased by 7 points and is now rising at its fastest pace since 2020. Since the… https://t.co/RbMJfrK3yz
Even though @UMich consumer sentiment was weak in May, % expecting higher unemployment in coming year ticked lower https://t.co/MsMQuuWxLp
Interesting dichotomy The consensus economist review is very bullish on the US consumer (chart via Apollo) Yet US consumer sentiment is not reflecting this same exuberance https://t.co/2QdjshNqG7
Americans’ concerns about inflation and interest rates have hit their highest levels in two years, according to the latest survey https://t.co/Ijr6rBUeki
Consumer spending expectations rising. https://t.co/WsyYkWrmh8