US consumers not derailed by rate rises; confidence index up again in July

25 July 2023

 

Summary: Conference Board Consumer Confidence Index rises in July, reading more than expected; confidence breaks out of sideways trend; ANZ: rapid rise of interest rates has not derailed US consumer; views of present conditions, short-term outlook both improve. 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...

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