Internet reported that the U.S. consumer confidence index climbed to its highest level in seven months in November, boosted by Americans 'optimism about the future economic and financial situation. The initial value of the University of Michigan's consumer confidence index rose to 73 in November, higher than expectations of 71. The expectations index soared to 78.5, the highest since mid-2021. The optimistic outlook also reflects Americans 'expectations for slowing inflation. Consumers expect prices to rise 2.6% next year, the lowest level since 2020. However, inflation expectations for the next five to 10 years rose to 3.1%. The investigation was conducted from October 22 to November 4. Survey director Joanne Hsu said: "Consumers have always said that the future of the economy depends on who wins the presidential election. Looking ahead, the impact of the next administration's economic policies on inflation may become a top concern for consumers and drive the trajectory of their confidence in economic performance." The personal financial expectations index rose to its highest level since March, in part due to improved personal financial conditions. Confidence in long-term business conditions jumped to a nearly four-year high.