Conf. Board confidence index up again; inflation, rate rises “remain strong headwinds”

27 September 2022

 

Summary: Conference Board Consumer Confidence Index improves again in September; reading above consensus expectations; views of present conditions, short-term outlook both improve again; sentiment helped by strong job market, lower fuel prices; “may bode well for consumer spending” in remainder of 2022 but inflation, interest-rate rises “remain strong headwinds”. US consumer confidence clawed its way back to neutral over the five years after the GFC in 2008/2009 and then went...

read full story