Following the debt ceiling deal, consumer sentiment improved significantly.
Consumer sentiment significantly improved in early June as the debt ceiling turmoil was resolved under the leadership of House Speaker Kevin McCarthy.
“The outlook over the economy surged 28 percent over the short run and 14 percent over the long run. Sentiment is now 28 percent above the historic low from a year ago and may be resuming its upward trajectory since then,” Joanne Hsu, the director of the survey, said in a statement.
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