Americans Are Feeling Far More Confident About Economy
Americans are feeling fairly bullish about the U.S. economy: A key measurement of consumer confidence just jumped to its highest level since January 2022.
The Conference Board’s Consumer Confidence Index was 109.7 in June, rising from 102.5 the month before, according to a report released June 27.
The latest survey from the business research and membership organization continued to show that consumers retained a far sunnier outlook about the present than what could come in the months ahead. Both the present situations index and the expectations index rose from May; however, the latter remains at a level that flashes a recession warning signal, the Conference Board noted.
Source: CNN, 06.27.2023
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