Conf. Board Confidence Index down again, “growing risk of recession”

28 June 2022

 

Summary: Conference Board Consumer Confidence Index deteriorates again in June, lower than consensus expectations; views of present conditions, short-term outlook deteriorate; Expectations Index falls to lowest point in decade; weaker growth expected in second half, “growing risk of recession”. US consumer confidence clawed its way back to neutral over the five years after the GFC in 2008/2009 and then went from strength to strength until late 2018. Measures of consumer...

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