Consumer sentiment in U.S. climbs to 11-month high
The numbers: A survey of consumer sentiment rose in early February to a 13-month high of 66.4, signaling Americans are cautiously optimistic about the U.S. economy as inflation ebbs.
The index increased from 64.9 in January, the University of Michigan said in its preliminary report. It was the third straight gain and well above the record low of 50 set last summer. Another measure that asked about expectations for the next six months fell to 62.3 from 62.7, signaling somewhat greater worry about the health of the economy later in the year.
Top Fed officials pay close attention to inflation expectations because they could be a harbinger of future price trends.
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