Broker Check

Your Weekly Journal, February 27, 2023

Is It Good News Or Bad News?

Is It Good News Or Bad News?

The answer depends on your perspective. Last week, we learned that: 

Consumer sentiment is at its highest level in more than a year. Consumers are feeling better about current economic conditions and the future. That said, the University of Michigan Index of Consumer Sentiment remains 20 points below its long-term average. Consumer expectations for inflation over the next year increased from 3.9 percent to 4.1 percent and, over the longer term, consumers anticipate inflation will average about 2.9 percent.