{"id":1501205,"date":"2024-11-08T15:07:37","date_gmt":"2024-11-08T20:07:37","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1501205"},"modified":"2024-11-08T15:07:37","modified_gmt":"2024-11-08T20:07:37","slug":"surge-in-hope-lifts-umich-consumer-sentiment-in-early-november-survey","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/surge-in-hope-lifts-umich-consumer-sentiment-in-early-november-survey\/1501205\/","title":{"rendered":"Surge In ‘Hope’ Lifts UMich Consumer Sentiment In Early November Survey"},"content":{"rendered":"

Surge In ‘Hope’ Lifts UMich Consumer Sentiment In Early November Survey<\/span><\/p>\n

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Preliminary November survey data from the University of Michigan showed overall US consumer sentiment jumped higher, led by ‘hope’ as the Expectations sub-index jumped to the highest since July 2021<\/strong> (while current conditions dipped)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Expectations over personal finances climbed 6% in part due to strengthening income prospects, and short-run business conditions soared 9% in November.<\/p>\n

\u00a0<\/p>\n

Long-run business conditions increased to its most favorable reading in nearly four years.<\/p>\n

<\/a><\/p>\n

Inflation expectations were mixed with 12-month expectations dropping to 2.6% – the lowest since Dec 2020<\/strong> – while the medium-term expectations inched higher…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

The median value of consumers’ equity market holdings hit a new record high<\/strong> but expectations for future performance dipped a little…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Ironically, Democrats’ confidence rose in the latest survey while Independents tumbled…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

This survey was taken before the election.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 11\/08\/2024 – 10:07<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/surge-hope-lifts-umich-consumer-sentiment-early-november-survey<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Surge In ‘Hope’ Lifts UMich Consumer Sentiment In Early November Survey Preliminary November survey data from the University of Michigan showed overall US consumer sentiment…<\/p>\n","protected":false},"author":0,"featured_media":1501206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1501205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1501205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1501205"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1501205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1501206"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1501205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1501205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1501205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}