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After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes. A measure of consumer sentiment by the University of Michigan has jumped in the past two months by the most since 1991. A survey by the Federal Reserve Bank of New York found that Americans' inflation expectations have reached their lowest point in nearly three years.

United statesNorth carolinaNew yorkClaudia sahmDavid andolfattoRobert shillerJosh boakJoe bidenDana smithRomane marshallRyan cummingsUniversity of michiganFederal reserve bankUniversity of miamiFederal reservePresident joe biden