US Consumer Sentiment Increases for First Time in Five Months
- Short- and long-term inflation expectations hold steady
- University of Michigan sentiment index at 67.8 vs 66.4
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US consumer sentiment rose in early August for the first time in five months on more optimistic expectations about their finances as inflation steadied.
The sentiment index climbed to 67.8 from 66.4 in July, according to the preliminary August reading from the University of Michigan. The median estimate in a Bloomberg survey of economists called for 66.9.