Consumers are feeling better about the economy this month because of easing inflation and a still-strong labor market, as evident from the preliminary consumer sentiment index surging to 66.4 from 64.9 in January, marking the best reading since January 2021.
However, according to Niall O’Sullivan, Neuberger Berman’s chief investment officer of multi-asset strategies for Europe, the Middle East, and Africa, “inflation is going to be harder to tame.” He added, “Central banks will have to be at it much longer than many people think.”
