Rising prices, delta “primary drivers” of lower US confidence: Conference Board

30 November 2021

 

Summary: Conference Board Consumer Confidence Index declines in November; reading slightly below expected figure; views of present conditions, short-term outlook both decline; household confidence, spending to “face headwinds” from rising prices, potential COVID-19 resurgence; economic expansion still likely into early 2022. 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....

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