Feb '24 Consumer Sentiment is Still High -Varies by Political Party (UoM Index of Consumer Sentiment)

Consumer sentiment is still high so people are feeling pretty good at the moment. That often means we should have some upward pressure on the economy. 

You may read UoM Survey of Consumers Feb '24

Consumer sentiment rose .6% indicating increased probability of a forward leading economy (1 factor). (We should also remember inflation is still high but coming down so it won't likely have a huge negative impact on consumer spending.)

Year-ahead inflation inched up from 2.9 in January to 3.0% in February

 UoM Survey of Consumers Feb '24