Confidence
Washington (AFP) - Boosted by rising wages and falling gas prices, US consumers were much more upbeat about the state of the American economy now and in the months ahead, according to a closely-watched survey released Tuesday. The consumer confidence index jumped nearly five points to 108.0 the second straight monthly gain, according to The Conference Board. The result was the highest level since April and far better than the modest improvement economists had expected. The US Federal Reserve has been raising borrowing costs aggressively this year, and last week announced its third consecutive,...
AFP
Washington (AFP) - US consumers are growing more upbeat about the economy and job prospects, with confidence rebounding to the highest point since the start of the pandemic, according to a survey released on Tuesday. And even as they become more wary about rising prices, that has not dampened enthusiasm, according to The Conference Board's monthly report showing the consumer confidence index jumped to 127.3 in June -- the highest since February 2020 before Covid-19 shuttered the global economy. And the index for May was revised up nearly three points to 120.0, the survey showed. "Consumer conf...
AFP
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