Wall Street Journal: “Americans are now bucking up as inflation cools and the Federal Reserve signals that interest-rate hikes are likely behind us. And with the solid labor market putting money in the bank accounts of freely spending consumers, recession fears for 2024 are fading.”
“The share of consumers in December who expected to be financially better off a year later reached the highest level since June 2021, according to a Federal Reserve Bank of New York survey.
Consumer confidence last month saw its biggest one-month gain since March 2021, according to the Conference Board. A separate measure of consumer sentiment from the University of Michigan advanced nearly 14% last month.”