With the Fed’s tightening on monetary policy and the constant threat of a recession looming, policymakers and advisors are closely monitoring economic indicators because the data can ultimately impact business decisions and financial markets. Despite facing various challenges, such as higher interest rates, tightening credit conditions, inflation, and economic uncertainty, U.S. consumers have been fueling the economy for much of this year. The final report for the Michigan Consumer Sentiment Index is predicted to remain at the preliminary reading of 71.2, a slight dip from last month’s interim high.