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December 2024, Paper: "Americans are, at last, starting to feel more cheerful about the economy. Consumer sentiment, as measured by the University of Michigan Index of Consumer Sentiment, rose in March to the highest level in almost three years. Sentiment has softened since, but consumers for the most part seem to think that their fortunes are on the up. It’s about time. Americans have been unremittingly miserable about the state of the economy since the pandemic. Consumer sentiment sank to the lowest level on record as inflation surged to a 40-year high in mid-2022. It stayed stubbornly down in the depths for much of 2023 despite a slew of indicators pointing toward a broader economic recovery, including stronger growth, rising employment, and slackening inflation."