Connect with us

Subscribe To Breaking News Alerts Mailing List. Enter Your Email Address to Receive a FREE GIFT!

Breaking News

McCarthy Debt Deal Helps Consumer Sentiment Reach Best Levels in Four Months

Published

on

Congressman Kevin McCarthy | Rep. McCarthy: Dems Could Change Electoral System | Featured

Consumer sentiment went up dramatically in early June as the debt limit crisis was handled under House Speaker Kevin McCarthy's leadership.

The consumer mood index at the University of Michigan increased by 8 percent from May to 63.9. Both the existing state of affairs and the outlook for the future have improved.

“The outlook over the economy surged 28 percent over the short run and 14 percent over the long run. Sentiment is now 28 percent above the historic low from a year ago and may be resuming its upward trajectory since then,” Joanne Hsu, the director of the survey, said in a statement.

Despite the increase, sentiment remains historically low. According to Hsu, the majority of customers still anticipate the economy to struggle in the coming year.

Income expectations fell from the previous month's estimate, but so did inflation predictions. Inflation expectations for the coming year have dropped to 3.3 percent from 4.2 percent, the lowest since March 2021.

Sign Up For The Gun Carrier Newsletter

Long-term inflation forecasts remained unchanged from May, standing at 3.0 percent. For the previous 23 months, inflation expectations have been in the 2.9 percent to 3.1 percent area, much higher than the 2.2 percent to 2.6 percent range in the two years preceding the pandemic.

Up Next:

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

SIGN UP FOR BNA NEWSLETTERS

YOUR EXISTING AD GOES HERE
Patriot Planet Tshirt Ad

Copyright © 2022 Breaking News Alerts. This copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

Is THE newsletter for…

U.S. CITIZENS CONSERVATIVES TRUE AMERICANS

Stay informed on the latest news developments, breaking stories, and expert analysis from the world of politics. Our kick-ass interviews, podcasts cover a wide range of topics, including discussions on policy, campaigns, and elections are delivered to your inbox 100% FREE!

bottom-logos.jpg

STAY UPDATED WITH BREAKING NEWS ALERTS

Subscribe below and get exclusive content from our top sources. Also, you'll get a FREE gift as a new subscriber.