Reported about 2 months ago
In August 2024, U.S. consumer sentiment rose to 67.8, buoyed by political developments, particularly the Democratic Party's nomination of Kamala Harris following Joe Biden's withdrawal from the presidential race. While sentiment among Democrats increased significantly, Republican sentiment fell to its lowest since last November. Despite these shifts in political dynamics, inflation expectations remained steady, with one-year inflation projected at 2.9% and five-year expectations at 3.0%.
Source: YAHOO