Rising Consumer Confidence in U.S. Economy Amid Lower Inflation

Despite Positive Economic News, Biden's Approval Ratings Remain Low

Consumer sentiment in the U.S. economy has been on the rise, reaching its highest level in two and a half years, according to the University of Michigan's index.
Despite the positive economic news, President Biden's approval ratings remain low, with 58.6% of Americans disapproving of his handling of the economy.
Inflation, which was a major concern for Americans, has seen a substantial drop, with the rate last month at 3.4%.
Despite the improving economy, the upcoming presidential election remains a tossup, with models predicting a 50-50 chance of Democrats retaining the White House.
Factors such as the strong job market, moderate gas prices, and a record-breaking stock market could further boost consumer confidence and potentially aid Biden's re-election campaign.