Joanne Hsu, Director of Consumer Research at the University of Michigan, stated that the Consumer Confidence Index has risen for the fifth consecutive month, reaching its highest level in seven months. The surge in purchasing conditions for durable goods has caused the current economic situation index to soar by over 20%. However, this situation is not a manifestation of economic strength, but rather because consumers believe that buying now can avoid future price increases. The one-year inflation expectation has risen from 2.6% last month to 2.9% this month, the highest point in six months, but still within the range of 2.3% -3.0% in the two years before the pandemic. Long term inflation expectations have slightly decreased, from 3.2% last month to 3.1% this month, which is still slightly higher than the range in the two years before the pandemic. @idris