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Us Consumer Confidence

All articles tagged with #us consumer confidence

economy2 years ago•4 min saved

American Consumer Confidence Soars to Five-Month High, Boosting Home Sales and Stock Optimism

US consumer confidence rose to a five-month high in December, driven by optimism about business conditions and the labor market. Americans are planning to make major purchases, such as vehicles and appliances, and go on vacations. The increase in confidence is attributed to rising stock markets, lower mortgage rates, and lower gasoline prices. The Federal Reserve's decision to hold interest rates steady and signal lower borrowing costs in 2024 also contributed to the positive outlook. Meanwhile, existing home sales in November saw a modest gain of 0.8%, but a shortage of available homes continues to push prices higher.

via Reuters|

#economy #federal-reserve #home-sales

economy2 years ago•1 min saved

"US Consumer Confidence Soars to Highest Level in Months"

US consumer confidence in December reached its highest level since July, with the Consumer Confidence Index rising to 110.7. Recession fears also decreased, with the perceived likelihood of a US recession in the next 12 months falling to its lowest level of the year. The boost in confidence was driven by more positive ratings of current business conditions, job availability, and income prospects. The Expectations Index, which signals a recession when below 80, rose to 85.6. The Present Situations Index also increased, reaching its highest level since March.

via CNN|

#conference-board #economic-outlook #economy

economy2 years ago•0 min saved

Consumer Confidence Soars as Inflation Concerns Subside

U.S. consumer confidence rebounded in mid-December, with the University of Michigan's survey showing a surge in sentiment to 69.4 points from 61.3 in November, surpassing economists' expectations. The increase in confidence is attributed to easing inflation, leaving Americans feeling more positive about the economic future.

via The Wall Street Journal|

#economic-future #economy #inflation-pressure

finance2 years ago•3 min saved

"Asia's Mixed Trading as US Consumer Confidence Boosts Wall Street"

Asian shares were mixed as Japan's Nikkei 225 and Australia's S&P/ASX 200 gained, while South Korea's Kospi, Hong Kong's Hang Seng, and China's Shanghai Composite fell. Heavy selling of Chinese technology and property shares contributed to the decline. Oil prices remained stable ahead of an OPEC meeting. On Wall Street, the S&P 500 and Dow Jones Industrial Average edged up, while the Nasdaq composite saw a slight gain. Consumer confidence in the US remains strong, and hopes are rising that the Federal Reserve will keep its benchmark interest rate steady.

via The Associated Press|

#asian-shares #federal-reserve #finance

economy2 years ago•4 min saved

"US Consumer Confidence Plummets, Home Sales Take a Hit"

US consumer confidence dropped to a four-month low in September, driven by concerns about higher prices, rising fears of a recession, higher interest rates, and the political environment. The Conference Board's consumer confidence index fell to 103.0, the lowest reading since May. Additionally, new home sales plunged 8.7% in August, while home prices accelerated in July. The Federal Reserve's hawkish stance and the potential government shutdown further contributed to the decline in consumer confidence.

via Reuters|

#economy #home-sales #inflation

economy2 years ago•1 min saved

US Consumer Confidence Hits Four-Month Low, Raising Recession Concerns

US consumer confidence dropped to its lowest level in four months in September, as rising gas prices and high interest rates contributed to greater economic uncertainty. The Conference Board's Consumer Confidence Index fell for a second consecutive month, reflecting concerns about rising prices, the political situation, and higher interest rates. The decline in consumer confidence was evident across all age groups, and notably among consumers with household incomes of $50,000 or more. The business organization's "Expectations Index" also fell, indicating less confidence about future business conditions, job availability, and incomes. These factors, along with still-high inflation and mounting credit card debt, are expected to lead to a pullback in consumer spending in the fourth quarter.

via CNN|

#economic-uncertainty #economy #high-interest-rates

financial-markets2 years ago•1 min saved

"JOLTS Data and Consumer Confidence: What to Expect"

The upcoming release of JOLTS and US consumer confidence data is anticipated, while a high-risk warning is issued for forex trading, emphasizing the need for careful consideration of investment objectives, experience level, and risk tolerance. FOREXLIVE™ provides educational services and references to economic and market information but does not endorse opinions or recommendations. Past performance is not indicative of future results, and caution is advised when reviewing claims made by advisors or system vendors. FOREXLIVE™ disclaims liability for any losses arising from reliance on provided information.

via ForexLive|

#financial-markets #forex-trading #investment-advice

economy2 years ago•0 min saved

US Consumer Confidence Soars, Unilever Profits Surge on Price Increases

US consumer confidence reached a two-year high in July, indicating growing optimism among Americans about the state of the economy. This positive sentiment reflects the ongoing economic recovery and suggests potential opportunities for businesses and investors.

via Financial Times|

#economic-recovery #economy #july

economy2 years ago•1 min saved

"US Consumer Confidence Soars to New Heights, Surpassing July 2021 Levels"

US consumer confidence, as measured by the Conference Board's Consumer Confidence Index, reached its highest level in two years, hitting 117 in July compared to a revised 110.1 in June. Economists had expected the index to climb to 111.8. The increase in confidence was observed across all age groups and income levels.

via CNN|

#conference-board #consumer-outlook #economic-indicators

economy2 years ago•2 min saved

U.S. Consumer Confidence Soars to Two-Year High Amid Easing Inflation

US consumer confidence reached a two-year high in July as inflationary pressures eased and the economy showed resilience despite higher interest rates. The Conference Board's consumer confidence index rose to 117, beating expectations, with both current economic conditions and future expectations improving. Economists monitor consumer confidence closely as it accounts for around 70% of US economic activity. The US economy has remained strong, adding 278,000 jobs per month and maintaining a low unemployment rate. The Federal Reserve is expected to raise interest rates again, aiming for a soft landing to control inflation without causing a recession.

via The Associated Press|

#economic-conditions #economy #future-expectations

economy2 years ago•1 min saved

US Consumer Confidence Soars to 17-Month High Amid Economic Optimism

US consumer confidence rose to a 17-month high of 109.7 in June, due to a slowdown in inflation and fewer worries about a recession. The index is still below the levels associated with a healthy economy. Americans think inflation will continue to slow, and they see prices rising 6% in the next year, the lowest reading since the end of 2020. Despite being unhappy about the economy, consumers are still spending, and this has kept the economy out of recession.

via MarketWatch|

#economy #inflation #recession-worries

economy2 years ago•3 min saved

US Consumer Confidence Drops to 9-Month Low Amidst Stabilizing Housing Market

US consumer confidence dropped to a nine-month low in April, with worries about the future mounting, heightening the risk of a recession this year. The share of Americans planning to buy major household appliances over the next six months fell to the lowest level since 2011, and vacations were also not in the cards for many. However, the housing market appears to be stabilizing, with new home sales surging 9.6% to a seasonally adjusted annual rate of 683,000 units in March, the highest level since March 2022.

via KSL.com|

#buying-plans-weaken #economy #housing-market

economy2 years ago•4 min saved

US consumer confidence drops as housing market stabilizes.

US consumer confidence dropped to a nine-month low in April, with worries about the future mounting and the share of Americans planning to buy major household appliances over the next six months falling to the lowest level since 2011. The drop in confidence reflects a deterioration in expectations for consumers under 55 years and households earning $50,000 and over annually, suggesting a broadening in concerns about the economy beyond low-income households. However, new home sales jumped 9.6% in March, the highest level since March 2020, and single-family home prices increased in February after seven straight monthly declines, indicating that the housing market has bottomed out.

via Reuters|

#economy #housing-market #inflation

finance2 years ago•2 min saved

Gold prices fluctuate amid economic uncertainty and market volatility.

Gold prices remain steady just below $2,000 an ounce despite U.S. consumer confidence falling more than expected in April. The American consumer confidence index dropped to 101.3, down from March's reading of 104, with growing pessimism that conditions will deteriorate. Consumers also see inflation holding at elevated levels, and overall purchasing plans for homes, autos, appliances, and vacations all pulled back in April, a signal that consumers may be economizing amid rising recession fears.

via Kitco NEWS|

#economic-data #finance #gold