Posted 1/19/2024, 4:40:00 PM
Consumer Sentiment Soars to Highest Level Since July as S&P Hits Record High
- S&P 500 hits new record high of 4,830 on Friday amid signs of improving US economic outlook
- University of Michigan survey shows sharp increase in consumer sentiment in January to highest level since July 2021
- Survey finds consumers expect lower inflation over next 1 and 5-10 years
- Rise in sentiment over last 2 months is largest increase since 1991
- White House credits Biden policies for sentiment increase, contrasts with Republican plans to cut taxes for wealthy and raise costs