From Investing.com:

Higher consumer spending, real wage gains, and increased consumer confidence are signaling a strong start to 2024, according to White House adviser Jared Bernstein. Consumer confidence reached a five-month high, with the Michigan Consumer Sentiment Index jumping nearly 14%. Inflation has eased, with gasoline prices projected to drop next year. Despite optimism, the Biden administration remains wary of geopolitical risks such as Russia’s war in Ukraine and conflicts in the Middle East. There are also concerns about rising credit card debt, although overall economic optimism remains relatively high.



Read more: US economic data points to ‘real momentum’ for 2024, White House says By Reuters