Consumer sentiment in the US rose in September, as inflation fears diminished, according to the University of Michigan.
The consumer sentiment index rose 3.2% from August and consumer expectations rose 13% year-over-year, according to the latest update.
“While sentiment remains below its historical average in part due to frustration over high prices, consumers are fully aware that inflation has continued to slow,” noted the report.
Many consumer’s economic expectations hinge on the upcoming elections which approximately two-thirds of consumers expect Kamala Harris to win, according to the report.
By Staff
