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US consumer sentiment races to 2-1/2-year
high; inflation expectations ease

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Posted By: Dreadnought, 1/19/2024 5:11:30 PM

WASHINGTON, - U.S. consumer sentiment improved in January, hitting the highest level in 2-1/2 years amid growing optimism over the outlook for inflation and household incomes, which bodes well for the economy's prospects this year. The better-than-expected reading in sentiment reported by the University of Michigan on Friday reflected a brightening of moods across all age and income groups, education and geographical locations as well as political affiliation. It suggested that Americans were finally warming up to the economy's resilience after much anxiety over high inflation, which has weighed on President Joe Biden's popularity. Consumers' inflation expectations over the next 12 months were the lowest in three years,

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Reply 1 - Posted by: Lazyman 1/19/2024 5:29:30 PM (No. 1640133)
Sentiment may be up but every time I go to the store so are the prices.
21 people like this.

Reply 2 - Posted by: franq 1/19/2024 5:52:10 PM (No. 1640153)
All these glowing stories are coming from the MSM.
14 people like this.

Reply 3 - Posted by: thomthomp 1/19/2024 5:56:01 PM (No. 1640156)
Yes Sirree, it feels great when the government beats on you a little bit less.
7 people like this.

Reply 4 - Posted by: LoneVoice 1/19/2024 6:12:54 PM (No. 1640163)
Wow, what a surprise! Here I thought everyone was pessimistic about the economy because of the insane level of inflation and incompetence of our government. It’s almost like this news is just a pathetic attempt at gaslighting the public.
11 people like this.

Reply 5 - Posted by: volksford 1/19/2024 6:20:41 PM (No. 1640166)
Look at all the good news from Fox, Reuters and CNBC ( above posts} thank you Joey , great job !
6 people like this.

Reply 6 - Posted by: snowoutlaw 1/19/2024 6:27:30 PM (No. 1640170)
Days after Trump wins Iowa big, could they be related? Some may be thinking that the end of Bidenflation is near.
8 people like this.

Reply 7 - Posted by: Laotzu 1/19/2024 10:15:25 PM (No. 1640254)
Is Joe giving a speech this weekend? Looks like a Friday, end-of-day drop of DNC press releases in the MSM this afternoon.
0 people like this.

Reply 8 - Posted by: philsner 1/19/2024 10:22:17 PM (No. 1640256)
Boot production is up!
1 person likes this.

Reply 9 - Posted by: Muguy 1/19/2024 10:46:39 PM (No. 1640265)
It is AMAZING how that the worse things get, the more GLOWING the media LIES and gaslights their narrative the things "couldn't be better! They must really think we are stupid beyond belief--
3 people like this.

Reply 10 - Posted by: Trigger2 1/20/2024 3:01:51 AM (No. 1640317)
If inflation is easing, then how come every time we go to a grocery store, the bill gets higher and higher and we're faced with shrinkflation?
1 person likes this.

Reply 11 - Posted by: paral04 1/20/2024 11:15:09 AM (No. 1640597)
Bull! That's a report written under a Democrat administration.
1 person likes this.

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