Golden Finance reported that Joanne Hsu, director of the University of Michigan Consumer Survey, said that the consumer confidence index rose for the fifth consecutive month, reaching the highest level in seven months. A surge in durable goods buying conditions sent the current economic conditions index soaring more than 20%. However, this is not a sign of a strong economy, but rather because consumers believe that buying now will avoid future price increases. One-year inflation expectations rose to 2.9% this month from 2.6% last month, the highest in six months, but still within the range of 2.3%-3.0% in the two years before the epidemic. Long-term inflation expectations have declined slightly, from 3.2% last month to 3.1% this month, which is still slightly higher than the range in the two years before the epidemic.