Posted 2/27/2024, 2:42:45 PM
Consumer Sentiment Rises Despite Inflation, As Shoppers Seek Value and Small Luxuries
- Consumer Sentiment index rose 19% in February, showing economic resilience amid inflation
- Retail earnings from Macy's and Lowe's show consumers becoming more value-conscious
- Macy's seeing outperformance of small luxuries, while Lowe's impacted by lower DIY demand
- Inflation forcing consumers to adjust spending, reflected in retailer reports
- Consumer mindset shaped by slowing inflation but also continued labor market strength