Reported about 2 months ago
Consumer sentiment experienced its first rebound in August after five months of decline, as indicated by the University of Michigan's survey, which reported an increase to 67.8 from 66.4 in July. This rise comes despite recent volatility in the stock market and concerns surrounding the U.S. economy. Positive data showing a decrease in inflation and steady consumer spending contributed to the change in sentiment. The survey also highlighted a shift in political sentiment, with increased confidence in Vice President Kamala Harris among Democrats.
Source: YAHOO