Conf. Board sentiment index reverses September drop

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29 October 2024

 

Summary: Conference Board Consumer Confidence Index up noticeably in September, above expectations; strongest monthly gain since March 2021; US Treasury yields fall; expectations of Fed rate cuts firm, at least four more cuts priced in; views of present conditions, short-term outlook both improve; increase in confidence broad-based, across all age groups, most income groups. US consumer confidence clawed its way back to neutral over the five years after the GFC...

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