EconomyConsumers More Confident, but Still Fear Inflation, Hsu Says

Consumers are feeling more upbeat, according to the University of Michigan, but inflation remains a concern. Its latest survey found sentiment at a five-month high. Even with the improvement, consumers expect prices to increase at an annual rate of 4.2% over the coming year. Joanne Hsu, director of the university’s Surveys of Consumers, discussed the findings on Bloomberg Open Interest.