Inflation concerns present but impact on CB sentiment index “muted”

26 October 2021

 

Summary: Conference Board Consumer Confidence Index rises in October; reading above expected figure; views of present conditions, short-term outlook both improve; impact of short term inflation concerns on confidence “muted”; signs consumer spending to support growth through final months of 2021. After the GFC in 2008/09, US consumer confidence clawed its way back to neutral over a number of years and then went from strength to strength until late 2018....

read full story