COVID-19 not a factor in “elevated” US household confidence

26 February 2020

 

US consumer confidence collapsed in late 2007 as the US housing bubble burst and the US economy went into recession. By 2016, it had clawed its way back to neutral and then went from strength to strength until late 2018. Since then, measures of consumer confidence have oscillated within a fairly narrow band at historically high levels. The latest Conference Board survey held during the first half of February indicates...

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