Americans continue to feel better about inflation and the economy | CNN Business

Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of the month’s data. That’s a huge improvement from June 2022, when consumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%. Americans’ expectations for inflation rates in the year ahead inched up to a 3.4% rate, “well below the high point of 5.4% from April 2022 but above the 2.

“With employment and household disposable income growth expected to moderate in the second half of the year, the slowdown in consumer spending will accelerate as the buffer from excess savings shrinks, student loan repayments restart, and credit conditions tighten further.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Mattel plans to go all in on Barbie for Christmas | CNN BusinessMattel, riding high on the pink wave of the box office success of the “Barbie” movie, plans to go all in to deliver a Barbie kind of Christmas this year.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

Shell profits cut in half by lower oil prices | CNN BusinessShell has reported a 56% drop in second-quarter profit, as oil and gas prices fell from record highs reached following Russia’s full-scale invasion of Ukraine 17 months ago.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »

Shell and TotalEnergies profits cut in half by lower oil prices | CNN BusinessShell and TotalEnergies have reported a steep drop in second-quarter profit, as oil and gas prices fell from record highs reached following Russia’s full-scale invasion of Ukraine 17 months ago.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »