Dinar TubeDinar TubeDinar Tube
  • HOME
  • Iraq
  • Currency News
  • US NEWS
  • Videos
Font ResizerAa
Dinar TubeDinar Tube
Font ResizerAa
Search
  • HOME
  • Iraq
  • Currency News
  • US NEWS
  • Videos
Follow US
Dinar Tube > US NEWS > Slower inflation is boosting Americans’ attitudes toward the economy
US NEWS

Slower inflation is boosting Americans’ attitudes toward the economy

Last updated: September 14, 2024 3:39 pm
US NEWS
Share
2 Min Read
SHARE

Americans are feeling a greater sense of optimism about the US economy this month, thanks to slower inflation. Voters also see a greater likelihood that Vice President Kamala Harris will defeat former President Donald Trump in the upcoming November election.

The University of Michigan’s latest consumer survey, released Friday, showed that Americans’ attitudes toward the economy improved notably this month, rising 2% from August, according to a preliminary reading. That broke a monthslong spell of consumer sentiment mostly holding steady, aside from a modest increase last month. Sentiment is now 40% higher than the record low reached in June 2022, when inflation was running red hot, but it still remains below pre-pandemic levels.

“Consumer sentiment rose to its highest reading since May 2024, increasing for the second consecutive month and lifting about 2% above August,” Joanne Tsu, director of the university’s Surveys of Consumers, said in a release. “The gain was led by an improvement in buying conditions for durables, driven by more favorable prices as perceived by consumers.”

- Advertisement -

The survey also noted that “a growing share of both Republicans and Democrats now anticipate a Harris win,” a few days after Harris and Trump went toe-to-toe during their first presidential debate, hosted on Tuesday by ABC.

US consumers also felt more upbeat about inflation’s future. Expectations for inflation rates in the year head declined for the fourth-straight month in September, according to the report, reaching its lowest reading since December 2020.

This story is developing and will be updated.

Share This Article
Facebook Twitter Whatsapp Whatsapp Reddit Telegram Threads Email Copy Link Print
Previous Article Bets on 50 bps Fed rate cut in September bounce back strongly
Next Article A joint announcement on the schedule for the withdrawal of US forces will be issued soon

You Might Also Like

US NEWS

The drug that will make you quit smoking: Britain will offer it “for free” to its citizens

November 12, 2024
US NEWS

Report reveals defects in F-22 and F-35 aircraft… “unrepairable”

November 10, 2024
US NEWS

Biden announces $3 billion investment for US ports

October 29, 2024
US NEWS

Fed seen on track for quarter-point rate cuts in Nov, Dec

October 29, 2024

DinarTube is your invaluable resource for video and audio conference calls, mainstream news videos, Dinar Guru updates and more. It’s a vast collection that caters to Dinarland and worldwide events enthusiasts. Stay current on the latest news and dinar recaps with daily additions to our collection. Sit back, relax, and enjoy your visit to DinarTube as you Watch, Listen, and Learn.

LINKS

  • HOME
  • Iraq
  • Currency News
  • US NEWS
  • Videos

RELEVANT WEBSITES

 Dinar Detectives Forum
 DinarDetectives.com
 DinarTimes.com

JOIN US

 

Join Us

Welcome Back!

Sign in to your account

Lost your password?