“Recession risks persist”: Conf. Board confidence Index slides again in July

26 July 2022

 

Summary: Conference Board Consumer Confidence Index deteriorates again in July; reading less than consensus expectations; views of present conditions, short-term outlook both deteriorate; “recession risks persist”; inflation, rate hikes likely posing strong headwinds for consumer spending. 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 confidence then oscillated...

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