Reported 1 day ago
US consumer sentiment has shown improvement for a fifth month in December, with the sentiment index rising to 74 from 71.8 in November. Despite ongoing concerns about inflation, consumers anticipate a 2.8% price increase over the next year and a 3% rise over the next five to ten years. The sentiment among Republicans has improved significantly post-election, while Democrats' sentiment has decreased. Meanwhile, many consumers are opting to purchase durable goods now to avoid future price hikes, particularly amid uncertainty concerning potential economic policy changes.
Source: YAHOO