Consumer Sentiment Soars to Highest Level Since July as Economic Outlook Brightens
• Consumer sentiment increased 13% in January, reaching highest level since July 2021 • Sentiment has soared 29% over the last two months - largest two-month surge since 1991 • Survey shows improved economic outlook among both Democrats and Republicans • Comes as gas prices decreased and stock market nears new records • Follows period of depressed economic sentiment during COVID-19 pandemic