Consumer confidence at a 17-month high – recent surveys prove.
Jack Pitcher, 6-27-2023, Pitcher is a markets reporter for The Wall Street Journal in New York, primarily focused on the U.S. stock market. “Consumer Confidence Rises to 17-Month High,” WSJ, https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-27-2023/card/consumer-confidence-rises-to-17-month-high-6jYFT2BLNfhHB6GGm9Lp, Accessed: 6-27-2023, //ONHS IF
A closely watched survey of consumer confidence jumped to a 17-month high, a sign that individuals are feeling better about inflation and the economy. The Conference Board's consumer confidence index hit 109.7 in June, higher than economists polled by The Wall Street Journal had forecast. While the reading is a positive for companies that rely on consumer spending, analysts say improving confidence could complicate the Federal Reserve's campaign to tame inflation.