The White House predicts a 'good start' for the economy in 2024

morning

January 1, 2024 at 09:41

In an intervention on Fox News Sunday, the official explained the increase Consumer spending During the year-end holidays, the Salary increase Real prices over the past nine months and renewed consumer confidence point to a “good start” for 2024.

>> Read More: Global growth expected to reach 3% in 2023 (IMF)

He also noted that President Joe Biden will continue to focus on cutting costs Americans If he wins a second term in the November 2024 presidential election.

U.S. consumer confidence rose to a five-month high in December, reflecting a nearly 14% increase in the University of Michigan's benchmark index, the Conference Board said. Consumer Sentiment IndexIt has enjoyed its strongest growth for over thirty years.

During most of the mandate BidenThe Michigan Code reflected widespread family distrust economyBut the new data showed Americans increasingly optimistic that inflation is finally slowing, observers said.

Michigan Director of Investigation, Joan Hsu, noted that December's rise reversed “all the declines of the previous four months.” These trends are rooted in substantial improvements in how consumers view the path of inflation.