"US Consumer Confidence Rebounds in November, Boosting Holiday Shopping Season"

US consumer confidence increased in November, bouncing back after three consecutive monthly declines. The Present Situation Index, based on consumers' assessment of current business and labor market conditions, remained largely unchanged, while the Expectations Index, based on consumers' short-term outlook for income, business, and labor market conditions, rose. However, the Expectations Index remains below a level historically associated with a recession. Consumers' concerns about rising prices, war/conflicts, and higher interest rates persist, but assessments of current family financial conditions improved. Overall, consumer expectations for future business conditions, job availability, and incomes improved, while buying plans for autos, homes, and big-ticket appliances trended downward.