US consumers’ views of inflation soften in UoM December report

09 December 2022

 

Summary: University of Michigan consumer confidence index improves modestly, above expectations; views of present conditions, future conditions improve; recovers most of November loss; inflation expectations decline to be welcomed by US Fed. US consumer confidence started 2020 at an elevated level but, after a few months, surveys began to reflect a growing unease with the global spread of COVID-19 and its reach into the US. Household confidence plunged in April...

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