US Consumer Sentiment Rises for First Time in Five Months
- University of Michigan final August sentiment index at 67.9
- Year-ahead inflation outlook at 2.8%, lowest since 2020
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US consumer sentiment improved in August for the first time in five months as slower inflation and prospects for Federal Reserve interest-rate cuts helped lift expectations about personal finances.
The final August sentiment index rose to 67.9, from 66.4 in July, according to the University of Michigan. The preliminary reading was 67.8.