With the University of Michigan Survey of Consumers revealing a reading of 78.8 for January — its highest level since July 2021 — and inflation data showing inflation is cooling towards the Federal Reserve's target rate of 2%, the vibecession may be over for many consumers. Kyla Scanlon, author of In This Economy?: How Money and Markets Really Work, joins Yahoo Finance to discuss the next movement in consumer sentiment and take a look at trends in the broader market moving forward. The financial content creator comments on current consumer sentiment coming off of vibecession cues: "If you ask people their number-one economic concern, a lot of times it is things are very expensive at the grocery store, and so I think inflation and inflation going down is key. However, when we talk about inflation going down, a lot of people think that that means that prices are going to go down, but that's deflation. And so inflation is improving. We do see a big recovery. It's getting a lot closer to the Fed's target of 2%. But I do think that prices are going to remain elevated. They're not going to go back down. I think that's going to create a lot of frustration for people." Editor's note: This article was written by Nicholas Jacobino

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