Golden Finance reported that Joanne Hsu, director of consumer surveys at the University of Michigan, said that the consumer confidence index confirmed the data at the beginning of this month, rising for the fifth consecutive month and hitting a new high since April 2024. Consumers believe the economy has improved significantly as inflation slows, but they do not feel they are in good shape; current sentiment is roughly between the historic lows reached in June 2022 and pre-COVID-19 data . Inflation expectations for the next year rose from 2.6% last month to 2.8% this month. This is the first month-on-month increase since May, but it is within the 2.3%-3.0% range of the two years before the epidemic. Long-term inflation expectations fell slightly from 3.2% last month to 3.0% this month, a slight increase from the range in the two years before the epidemic.