Americans Feel Better About the Economy, But Experts Advocate Caution

American consumers haven’t felt this good about the economy since September 2021.

Stocks are higher, with some strategists even suggesting a record-setting year for the S&P 500. Inflation has fallen from north of 9% to 3%, according to one metric. And all of this, while the US labor market remains tight with a historically low unemployment rate.

Friday’s preliminary July reading of the University of Michigan’s Consumer Sentiment Index reflected the recent positive signs, with the index’s 13% jump from June marking the largest monthly increase since 2005.

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