US Consumer Confidence Soars to 17-Month High Amid Economic Optimism
TL;DR Summary
The Consumer Confidence Index in the US rose to 109.7 in June, the highest level since January 2022, indicating a bullish outlook on the economy. The labor market, which remains historically tight and strong, continues to boost confidence. However, the expectations index remains at a level that flashes a recession warning signal. Consumers' plans to purchase homes, cars, and travel domestically have slowed, indicating a possible slowdown in post-pandemic "revenge spending."
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- US Consumer Confidence Rises to Highest Level Since Early 2022 Bloomberg
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- Consumer Confidence Rises to 17-Month High The Wall Street Journal
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