Consumer sentiment and political fundraising

SOURCE www.marketwatch.com
Consumer sentiment in March rose to a 32-month high as Americans expressed confidence in easing inflation and reducing financial strain. A fundraiser for President Joe Biden in New York City raised $25 million, setting a new record for a single political event.

Key Points

  • Consumer sentiment index climbed to 79.4 from an initial 76.5
  • Americans have more confidence that inflation will ease and reduce financial strain
  • Fundraiser in New York City attended by President Biden, Barack Obama, and Bill Clinton

Pros

  • Consumer sentiment at a 32-month high indicates growing confidence among Americans
  • Fundraiser for President Biden raised a record-breaking $25 million