Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
Solana Price Prediction as $700 Million Trading Volume Comes In – Can SOL Recover to $100? February 8, 2023
Republicans to grill ex-Twitter executives over handling of Hunter Biden story February 8, 2023
Ukraine war fallout benefits one of world’s biggest fertiliser groups February 8, 2023
Games industry forced to focus on hit titles in response to weak sales February 8, 2023
Syria request European humanitarian assistance 2 days after earthquake February 8, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Investing

Consumers are feeling slightly better about the direction of the economy

Staff by Staff
December 11, 2022
in Investing
0 0
A A
0

Consumers are becoming more confident about the state of the economy, despite recession fears, soaring interest rates and continued high prices, according to the latest consumer survey from the University of Michigan.

The survey’s consumer sentiment index measured 59.1 in December, up from the final reading of 56.8 in November.

Economists were expecting a reading of 56.9, according to consensus estimates on Refinitiv.

The 2.3 point increase in the December report is the best one-month improvement in the reading since August, when it experienced a 6.7 point jump. The November report had shown a 3.1 point decline in consumer sentiment from the previous month.

Still, the reading continues to show a much gloomier outlook than a year ago, when the survey stood at 70.6.

“Throughout the survey, concerns over high prices — which remain high relative to just prior to this current inflationary episode — have eased modestly,” said Joanne Hsu, the survey’s director.

That’s in keeping with what is happening with prices overall, as the pace of price increases has been declining.

Some prices, particularly gasoline, have actually fallen and are now below where they stood a year ago. Gas prices typically have an outsized influence on consumers’ thinking about inflation since the prices are so readily apparent at every gas station.

Overall, prices remain high by historic standards, and that has led the Federal Reserve to increase interest rates at a historic pace, which itself has put stress both on consumers and businesses, some of which have started to trim jobs as a result.

Despite all of that, the survey showed wide gains in confidence.

“Gains in the sentiment index were seen across multiple demographic groups, with particularly large increases for higher-income families and those with larger stock holdings, supported by recent rises in financial markets,” said Hsu.

Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Investing

US-China trade defies talk of decoupling to hit record high in 2022

February 8, 2023
Investing

Two rail unions reach deal with CSX railroad for paid sick time

February 8, 2023
Investing

Amazon to donate supplies to Turkey’s earthquake victims

February 8, 2023
Investing

After the Super Bowl, State Farm stadium will have tons of leftovers. Here’s how that food will get to to people in need fast

February 8, 2023
Investing

Chinese savers stashed away $2.6 trillion last year but property crash will cool ‘revenge spending’

February 8, 2023
Investing

Sen. Daines’s Twitter account suspended after posting profile picture of himself hunting

February 8, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.