US consumer sentiment rises slightly on Democratic optimism over Harris’ presidential prospects
4 months, 1 week ago

US consumer sentiment rises slightly on Democratic optimism over Harris’ presidential prospects

Associated Press  

WASHINGTON — A surge in optimism by Democrats over the prospects of Vice President Kamala Harris lifted U.S. consumer sentiment slightly this month. “Consumers are still pretty glum overall by historical standards, but sentiment is on an improving trend,’' said Carl Weinberg, chief economist at High Frequency Economics. The Michigan survey shows that consumers’ expectations for future inflation have come down — though Americans remain frustrated that prices are still nearly 20% higher than they were when inflation picked up in early 2021. ”Policymakers do not want to see that.’' So the Fed’s inflation fighters welcome signs that consumers foresee more modest price increases going forward.

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History of this topic

US consumers see greater optimism in November on jobs boost
3 weeks, 6 days ago

US consumers see greater optimism in November on jobs boost

Hindustan Times  

US consumer confidence improved in November, according to survey data released Tuesday, boosted by greater optimism surrounding the labor market. US Consumers were “substantially more optimistic” about job availability in the future, which reached its highest level in around three years, she added. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the …

US consumer confidence ticks higher on better outlook for hiring
3 weeks, 6 days ago

US consumer confidence ticks higher on better outlook for hiring

Associated Press  

WASHINGTON — Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring. Rising consumer confidence suggests Americans may spend more in the coming months, which would help boost economic growth. The Conference Board doesn’t break out its responses by party, but another measure of consumer sentiment by the University of Michigan showed …

Partisan Divide Impacts US Consumer Sentiment
1 month ago

Partisan Divide Impacts US Consumer Sentiment

Bloomberg  

00:00 FROM THE MICHIGAN CONSUMER SENTIMENT INDEX. TYLER: THE CONSUMER SENTIMENT READING WAS THE FIRST SINCE ELECTION DAY AND CHOSE STARK DIFFERENCES BETWEEN REPUBLICANS AND DEMOCRATS WHEN IT COMES TO THE OUTLOOK OF THE U.S. ECONOMY. ANOTHER INDICATOR OUT TODAY SHOWS APPARENT ANTICIPATION OF ROGUE BUSINESS POLICIES UNDER THE INCOMING ADMINISTRATION ACCORDING TO THE PER LIMITARY READ OF THE S …

Kamala Harris’ Big Economic Speech Breaks With Biden And Continues His Legacy
4 months, 1 week ago

Kamala Harris’ Big Economic Speech Breaks With Biden And Continues His Legacy

Huff Post  

President Joe Biden and Vice President Kamala Harris, the Democratic presidential nominee, arrive to speak about the administration's efforts to lower costs during an event at Prince George's Community College in Largo, Maryland, on Thursday. Susan Walsh via Associated Press Vice President Kamala Harris will propose a ban on price gouging by food companies, along with incentives to build new …

Harris offers proposals to cut food and housing costs, trying to blunt Trump’s economic attacks
4 months, 1 week ago

Harris offers proposals to cut food and housing costs, trying to blunt Trump’s economic attacks

LA Times  

Vice President Kamala Harris speaks about the economy at a campaign event at Wake Tech Community College in Raleigh, N.C., on Friday. Some of Trump’s economic advisors offered further rebuttals to Harris’ plans before she spoke Friday, with Brian Hughes, a spokesman for the former president’s campaign, calling them representative of a “socialist and authoritarian model.” Kevin Hassett, a former …

Harris freshens up her message on the economy as Trump and Republicans go after her on inflation
4 months, 3 weeks ago

Harris freshens up her message on the economy as Trump and Republicans go after her on inflation

Associated Press  

WASHINGTON — All of a sudden it’s Kamala Harris ' economy — a major opportunity as well as a possible risk for the likely Democratic presidential nominee. “Vice President Harris owns this administration’s record,” said Senate Minority Leader Mitch McConnell, R-Ky. “Her fingerprints are all over the past four years of failure.” Past and current officials who worked with Harris …

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month
6 months, 1 week ago

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month

Associated Press  

WASHINGTON — U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, dropped to 65.6 this month from a final reading of 69.1 in May. AP AUDIO: Anxiety over persistent inflation …

US consumer sentiment drops to 6-month low on inflation, unemployment fears
7 months, 1 week ago

US consumer sentiment drops to 6-month low on inflation, unemployment fears

Associated Press  

WASHINGTON — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise. AP AUDIO: US consumer sentiment drops to 6-month low on inflation, unemployment fears AP Washington correspondent Sagar Meghani reports American consumer sentiment has fallen amid high inflation, …

US consumer sentiment ticks down slightly, but most expect inflation to ease further
9 months, 1 week ago

US consumer sentiment ticks down slightly, but most expect inflation to ease further

Associated Press  

WASHINGTON — Consumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that price increases will keep slowing. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 76.5 in March, barely below February’s figure of 76.9. Friday’s consumer sentiment figure follows inflation …

Consumer sentiment edges higher as economic growth accelerates and inflation fades
10 months, 1 week ago

Consumer sentiment edges higher as economic growth accelerates and inflation fades

Associated Press  

WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after several years of gloom. Still, consumer sentiment remains 6% below its long-run average after the worst spike in inflation in four decades pushed up the cost of groceries, rent, gas, and …

American consumers feeling more confident than they have in two years
10 months, 3 weeks ago

American consumers feeling more confident than they have in two years

Associated Press  

American consumers, fresh off strong holiday spending, are feeling more confident than they have in two years. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose for the third straight month, to 114.8 in January from 108 in December. The index, which measures both Americans’ assessment of current economic conditions and their outlook for …

US consumers are feeling the most optimistic since September 2021
1 year, 5 months ago

US consumers are feeling the most optimistic since September 2021

CNN  

Washington, DC CNN — Inflation’s steady slowdown in recent months has kept Americans feeling optimistic about the future. Despite the Federal Reserve’s most aggressive rate-hiking campaign in decades, which was put on hold last month, the labor market has held remarkably steady while inflation has slowed, raising the odds of a so-called soft landing — or a scenario in which …

US consumers more confident in August as gas prices dip
2 years, 3 months ago

US consumers more confident in August as gas prices dip

Associated Press  

WASHINGTON — Following three straight monthly declines, U.S. consumer confidence rebounded in August as inflation moderated and gas prices fell. The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — rose for the first time since March, to 145.4 from 139.7 in July. Last week at an annual economic symposium …

US consumer sentiment drops as inflation worries mount
3 years, 1 month ago

US consumer sentiment drops as inflation worries mount

Al Jazeera  

U.S. consumer sentiment unexpectedly collapsed in early November as Americans grew increasingly concerned about rising prices and the inflationary impact on their finances. Waning confidence reflects “ an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation,” Richard Curtin, director of the survey, said in …

America’s economy is booming, but Republicans are miserable
3 years, 5 months ago

America’s economy is booming, but Republicans are miserable

CNN  

New York CNN Business — Unemployment is shrinking. Even though the US economy is expected to grow this year at the fastest pace in decades, consumer sentiment among self-identified Republicans is worse today than during the height of the pandemic, according to the University of Michigan. Meanwhile, consumer sentiment among self-identified Democrats is higher than at any point during the …

Consumer confidence posts solid gain to 101.8 in September
4 years, 2 months ago

Consumer confidence posts solid gain to 101.8 in September

Associated Press  

WASHINGTON — U.S. consumer confidence rebounded more quickly in September than most economists had expected though they remain far from levels that were the norm before the pandemic struck. The Conference Board reported Tuesday that its consumer confidence index rose sharply to a reading of 101.8, up from 86.3 in August, largely due to a more favorable view on current …

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