Reported about 2 months ago
In early August, US consumer sentiment increased to 67.8 from 66.4 in July, marking its first rise in five months. This uptick was fueled by optimism regarding personal finances and election dynamics, particularly following President Biden's announcement not to seek re-election. Despite this increase, concerns about inflation and borrowing costs persist, with many consumers continuing to rely on credit and savings for spending.
Source: YAHOO