Consumer Sentiment Jumps to 31-Month High on Slowing Inflation and Strong Job Market
• Consumer sentiment rose to a 31-month high in early February due to slowing inflation and a strong job market • Sentiment increased to 79.6 from 79.0 in January, according to the University of Michigan survey • Americans are more confident inflation will continue to slow and jobs will stay easy to find • Sentiment remains well below pre-pandemic levels around 100 • Consumers think inflation will average 3% in the next 12 months, up slightly from January