US Consumer Sentiment Increases for a Third Straight Month
- Short-term inflation views edged up to 3% in early February
- University of Michigan index at 79.6, highest since 2021
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US consumer sentiment improved for a third month in February as Americans grew more optimistic about the outlook for the economy and inflation.
The sentiment index edged up 0.6 point to 79.6, the highest since July 2021, according to the preliminary February reading from the University of Michigan. The median estimate in a Bloomberg survey of economists called for a reading of 80.