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US Consumer Sentiment Rises to Three-Month High, Topping Forecasts

  • Year-ahead inflation expectations fall; edge up longer-term
  • University of Michigan sentiment index at 55.1 from 51.5
Shoppers in San Francisco, California, US.

Shoppers in San Francisco, California, US.

Photographer: David Paul Morris/Bloomberg
Updated on

US consumer sentiment rose in early August to a three-month high on firmer expectations about the economy and personal finances.

Inflation expectations were mixed, with consumers boosting their longer-term views for prices slightly, while reducing their year-ahead outlook for costs.