'Record high after record high': Even Fox News is celebrating latest economic news

The American economy received multiple encouraging signals on Friday, and even Fox News' Sandra Smith couldn't put a negative spin on it.

First, the University of Michigan's consumer sentiment index showed a surge of optimism, as the index rose to the highest level it had seen in nearly three years.

According to the survey, consumers finally seem to be feeling the effects of cooling inflation, which has fallen into the three-percent range after averaging eight percent in 2022, which marked the highest inflation since the early 1980s.

This brightened consumer outlook sent the S&P 500 stock market index to record highs, which Smith could not help but notice while giving her viewers an update on the economy.

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"The stock market continues to hit record high after record high," she said. "You're looking at a fresh 300-point gain on the Dow right now, hitting its highs in the session, the S&P 500, which is a snapshot of the broader U.S. stock market, it is hitting an all-time high, surpassing the previous record set two years ago."

"So, wow," Smith continued. "There continues to be a lot of enthusiasm and a lot of optimism in the U.S. stock market. There's still anticipation that the U.S. Federal Reserve will cut rates this year."

Watch the video below or at this link.