US consumer sentiment reached its highest level since April, driven by rising inflation expectations and concerns over potential tariffs. According to the University of Michigan’s preliminary December sentiment index, which covers responses from November 19 to December 2, sentiment climbed to 74, up from 71.8 in the previous month. This represents a significant increase, with economists’ median estimate being 73.2. The higher-than-expected reading suggests that consumers are becoming increasingly anxious about price pressures, further fueling inflation concerns.
Source: https://www.bloomberg.com/news/articles/2024-12-06/us-consumer-sentiment-rises-along-with-inflation-expectations