- Prior month 92.8
- Consumer confidence 93.1 vs 92 estimate
The recent high has been near 94 and 88.5 on the downside. With the index at 93.1 it is near the recent highs.
The Conference Board Consumer Confidence Index is a monthly survey that measures how optimistic or pessimistic U.S. consumers are about current and future economic conditions. The survey looks at consumers’ views on business conditions, the labor market, and income expectations over the next six months. A higher reading signals stronger consumer confidence and can point to increased consumer spending and economic growth, while a lower reading may reflect concerns about the economy, jobs, inflation, or personal finances. Because consumer spending makes up a large portion of the U.S. economy, traders and economists closely watch the report as a gauge of economic momentum and potential direction for Fed policy.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
