Economics
U.S. Consumer Sentiment Rises Along With Inflation Expectations
- University of Michigan gauge increased in April to 86.5
- Consumers see inflation rising 3.7% in the next year
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U.S. consumer sentiment improved in April following another round of fiscal stimulus and as job growth accelerated. At the same time, inflation expectations surged to the highest in nine years.
The University of Michigan’s preliminary sentiment index rose to 86.5 from 84.9 in March, data released Friday showed. While the figure was softer than the 89 forecast in Bloomberg’s survey of economists, it remains at a pandemic high.