COVID cases, high jobless rate weigh on US households

27 October 2020

 

Summary: US consumer confidence slightly lower; view of present conditions improves but offset by view of future conditions; little evidence US consumers expect economy to gain momentum.   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. Measures of consumer confidence then oscillated within a fairly narrow band at historically...

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