In November, US consumer confidence hit its highest point in over a year. Notably, expectations for the next six months (as shown in the chart) are at their highest level in nearly three years, which is promising for the upcoming holiday season. The increase in political discussions among survey participants indicates that the political climate following Donald Trump’s election may have influenced consumer attitudes.
“bust consumer resilience supports stocks in the short term, but a more complex inflation scenario ahead may bring volatility.”
- Rising consumer confidence bodes well for the upcoming holiday season.
- Trump’s announced policies are boosting market sentiment, but they may add inflationary pressures later on.
- Uncertainty on the inflation path will make the Fed increasingly data-dependent.
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