Consumer Sentiment Improves As Hope Blooms and Inflation Fears Ease

Consumer sentiment improved in December as Americans became more optimistic about their personal finances and inflation expectations declined.

The University of Michigan’s index of consumer sentiment climbed to 53.4 from November’s reading of 51. This 4.5 percent rise was better than economists had forecast and the first improvement in overall sentiment in five months.

The increase was primarily concentrated among younger voters, said Joanne Hsu, the director of the consumer survey.

The gauge of current conditions worsened slightly, slipping to 50.7 from 51.1. The expectations gauge jumped to 55 from 51.0, reflecting a more optimistic outlook…

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