Salt Lake Chamber’s Post

🚀 US Consumer Sentiment Hits Five-Month High!🚀 In late September, US consumer sentiment soared to a five-month high, fueled by optimism about the economy following the Federal Reserve’s recent interest-rate cut. 📈💸 With borrowing costs on the decline, consumers are feeling more confident about their financial futures and the broader economic landscape. Joanne Hsu, director of the University of Michigan survey, noted, “Sentiment appears to be building some momentum as consumers’ expectations for the economy brighten.” 🌟 However, many consumers are keeping a close eye on the upcoming election, which they believe will play a crucial role in shaping their economic outlook. 🗳️ What are your thoughts on this economic shift? How do you think the election will impact consumer sentiment? Let’s discuss! 💬👇 #Economy #ConsumerSentiment #FederalReserve #InterestRates #EconomicOutlook #Election2024 #Finance #PersonalFinance

None political read about inflation. One of the best articles I've read about the "real inflation" impact to the average households and businesses. A recommended read.

"The first of two readings of the consumer-sentiment survey in March slipped to 76.5 from 76.9 last month, the University of Michigan said Friday. While sentiment is close to a two-year high, it’s still well below the prepandemic peak of 101." #economics #economy #finance #investing #business #money #education https://lnkd.in/gjG4Dfdi

The US consumer sentiment has reached its highest level in over two years, which is positive news for the economy and for President Joe Biden. #newsupdate #newsupdates #newsheadlines #newshighlights #newsfeed #newsflash #finance #financenews #usanews #usnews #useconomy #consumer

"Consumers don’t think the economy stinks. Rather, they quite rationally have mixed feelings about this economy — and they’ll reveal different things depending on exactly what you ask them." Expert statistician Nate Silver presents a more nuanced explanation to the perceived gap between the strength of the American economy and voter sentiment, offering insights into what this means for Biden in the upcoming election. #SpeakersOfSubstance #DataScience #Statistics #Economics #Economy #USEconomy #ConsumerSentiment #ConsumerConfidence #2024Election #Politics #USPolitics #KeynoteSpeaker #SpeakersBureau #EventProfs https://hubs.la/Q02ldWj40

In the economic theater, a fascinating plot twist unfolds—consumers are embracing newfound optimism while inflation concerns take a backseat! According to the recent New York Federal Reserve survey, consumers are anticipating a 3.4% inflation rate over the next year, marking a notable decrease from October and the lowest expected level since April 2021. But what's causing this shift? The University of Michigan's survey echoes the sentiment with a remarkable 30% reduction in year-ahead inflation expectations within a single month. These figures suggest a positive outlook, a potential game-changer for President Joe Biden in between economic uncertainties. What does all of this mean for us? Share your thoughts on the comment section 📈💼 #EconomicInsights #ConsumerOptimism #InflationTrends #accounting #taxes

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Click below to check out resources to help you understand and navigate today’s market and economic landscape.

Click below to check out resources to help you understand and navigate today’s market and economic landscape.