U.S. consumer sentiment index jumps from 44.8, Mohamed A. El-Erian notes

U.S. consumer sentiment index jumps from 44.8, Mohamed A. El-Erian notes
U.S. consumer sentiment shows improvement

Mohamed A. El-Erian, president at Queens' College, University of Cambridge, reports that U.S. consumer sentiment has improved, albeit from a low base. According to the latest data from the University of Michigan, households in the U.S. are feeling more optimistic about the economic outlook, but overall sentiment remains well below levels considered to indicate full confidence.

El-Erian has recently highlighted upcoming U.S. May PCE inflation data, which is closely watched by markets and the Federal Reserve, in a recent market note. He has also observed that at the end of 2025, the share of gold in official reserves surpassed both the euro and U.S. Treasuries, reaching 27%, according to his analysis. These updates point to other significant economic markers alongside shifting consumer sentiment.

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