The University of Michigan’s preliminary consumer-sentiment index rose to 74.5 in November 2025 from 71.1 in October, beating forecasts and marking a four-month high. The survey showed inflation expectations for the next year eased to 3 percent, while long-term expectations stayed anchored. Analysts said falling gasoline prices and stable labor markets boosted household confidence. Economists expect the rebound in sentiment to support holiday retail spending but warned that high credit-card balances may temper gains. The data reinforced market bets on a gradual economic slowdown rather than a recession.