From Dow Jones & Company:



Consumer confidence surged to a five-month high of 110 in December, signaling a shift in negative perceptions about the economy. This increase in optimism may indicate the end of the “vibecession,” which refers to declining economic expectations potentially leading to a recession. However, some experts remain cautious, and believe that consumers may be slow to fully embrace the positive outlook. Rising consumer sentiment is also reflected in the markets, with the Dow Jones and S&P 500 reaching record highs. Despite this, concerns persist about wage gains and the impacts of persistently high prices on consumer wellbeing. The overall takeaway is that while the economy is moving in the right direction, there is still uncertainty and challenges to overcome.



Original: Consumers are feeling better about the economy. Is the ‘vibecession’ ending?