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By Staff Reporters
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Consumer confidence rose for the first time in four months
The Consumer Conference Board’s index rose from 99.1 in October to 102 in November thanks to US consumers’ optimism around short-term income, hiring prospects, and the slowdown in inflation. The perceived likelihood of a recession also fell to the lowest level of 2023—though two-thirds of Americans still think one is either “somewhat” or “very likely” to happen in the next year.
The improved economic outlook comes after home prices rose to a new record in September, even as mortgage rates remained elevated.
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Filed under: "Ask-an-Advisor", Financial Planning, LifeStyle | Tagged: Consumer Confidence, consumer confidence board, Consumer Confidence Index, consumers | Leave a comment »
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