Economic Buzz: US UoM consumer sentiment rebounds in December
The University of Michigan said its consumer sentiment index climbed to 53.3 in December from 51.0 in November.
The bigger than expected rebound by the consumer sentiment index came after it dropped to its lowest level since hitting a record low of 50.0 in June 2022.
The report showed the index of consumer expectations jumped to 55.0 in December from 51.0 in November, while the current economic conditions index slipped to 50.7 in December from 51.1 in November.
On the inflation front, the University of Michigan said year-ahead inflation expectations tumbled to 4.1 percent in December from 4.5 percent in November, falling to the lowest reading since January 2025.
Year-ahead inflation expectations decreased for the fourth consecutive month but remain well above the 3.3 percent seen in January.
Long-run inflation expectations also softened from to 3.2 percent in December from 3.4 percent in November, matching the January 2025 reading.
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