Third months of gains for Conf. Board US sentiment index

30 January 2024

 

Summary: Conference Board Consumer Confidence Index rises in January, reading more than expected; reflected slower inflation, anticipation of lower interest rates ahead, generally favourable employment conditions; short-term US Treasury yields up, longer-term yields down; expectations of Fed rate cuts in 2024 soften; views of present conditions, short-term outlook improve; gain across all age groups, all incomes groups except very top. US consumer confidence clawed its way back to neutral over...

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