Reported about 2 months ago
Optimism among Democrats regarding Vice President Kamala Harris's presidential prospects has led to a slight increase in U.S. consumer sentiment, rising from 66.4 in July to 67.8 this month, according to the University of Michigan's index. While expectations for the future improved, current economic assessments dipped slightly. Notably, a higher percentage of consumers now view Harris as the superior economic candidate compared to Republican nominee Donald Trump. Despite lingering concerns over inflation and overall low sentiment levels historically, consumer spending has remained strong, contributing to economic growth.
Source: YAHOO