Washington CNN —Americans are feeling a greater sense of optimism about the US economy this month, thanks to slower inflation.
Voters also see a greater likelihood that Vice President Kamala Harris will defeat former President Donald Trump in the upcoming November election.
The University of Michigan’s latest consumer survey, released Friday, showed that Americans’ attitudes toward the economy improved notably this month, rising 2% from August, according to a preliminary reading.
That broke a monthslong spell of consumer sentiment mostly holding steady, aside from a modest increase last month.
Expectations for inflation rates in the year head declined for the fourth-straight month in September, according to the report, reaching its lowest reading since December 2020.
Persons:
Kamala Harris, Donald Trump, ” Joanne Tsu, ”, Harris, Trump
Organizations:
Washington CNN, University of Michigan’s, Consumers, ABC