Posted 1/29/2024, 10:30:34 PM
Consumer Sentiment Hits 1-Year High But Expensive Groceries Here to Stay
- University of Michigan consumer sentiment reading reaches highest level since July 2021
- Inflation data shows inflation cooling towards Fed's 2% target rate
- Author believes inflation improvement means prices will remain elevated, not decline
- Frustration likely for consumers as grocery/other prices stay high post-inflation easing
- Article discusses end of "vibecession" and start of possible "vibespansion"