Conf. Board sentiment index up in July, maintains near-average level

30 July 2024

 

Summary: Conference Board Consumer Confidence Index up in July, slightly above expectations; still concerned about elevated prices, interest rates, uncertainty about future; US Treasury yields fall moderately; expectations of Fed rate cuts firm; views of present conditions deteriorates, short-term outlook improves; expectations for future income improves slightly, consumers generally negative about business, employment conditions ahead. US consumer confidence clawed its way back to neutral over the five years after the...

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