Consumer Confidence Rose For The First Time In Four Months On Cheaper Gas And Slower Inflation

Economists polled by the Wall Street Journal had expected the index to rise to 97.4 from 95.7 the previous month. Big picture: Americans have had some relief from high inflation due to falling gas prices, but the outlook for the economy has worsened. The Federal Reserve is raising interest rates to try to tame the highest inflation in 40 years and promises more “pain” for consumers and businesses. And many economists believe another recession is likely by next year. Higher interest rates raise the cost of borrowing and tend to make consumers and businesses spend less. Key details: A measure of how consumers feel about the economy right now rose to 145.4 in August from a 15-month low of 139.7 the previous month, the nonprofit Conference Board said Tuesday. A similar confidence index looking six months ahead jumped to 75.1 from 65.6 — the highest level in four months. Looking Ahead: “August’s improvement in confidence may help support spending, but inflation and additional rate hikes remain risks to economic growth in the near term,” said Lynn Franco, the board’s senior director of economic indicators. . Market Reaction: The Dow Jones Industrial Average DJIA, -0.72% and the S&P 500 SPX, -0.90% fell again in Tuesday’s trade.

title: “Consumer Confidence Rose For The First Time In Four Months On Cheaper Gas And Slower Inflation Klmat” ShowToc: true date: “2022-11-24” author: “Amanda Butts”

Economists polled by the Wall Street Journal had expected the index to rise to 97.4 from 95.7 the previous month. Big picture: Americans have had some relief from high inflation due to falling gas prices, but the outlook for the economy has worsened. The Federal Reserve is raising interest rates to try to tame the highest inflation in 40 years and promises more “pain” for consumers and businesses. And many economists believe another recession is likely by next year. Higher interest rates raise the cost of borrowing and tend to make consumers and businesses spend less. Key details: A measure of how consumers feel about the economy right now rose to 145.4 in August from a 15-month low of 139.7 the previous month, the nonprofit Conference Board said Tuesday. A similar confidence index looking six months ahead jumped to 75.1 from 65.6 — the highest level in four months. Looking Ahead: “August’s improvement in confidence may help support spending, but inflation and additional rate hikes remain risks to economic growth in the near term,” said Lynn Franco, the board’s senior director of economic indicators. . Market Reaction: The Dow Jones Industrial Average DJIA, -0.72% and the S&P 500 SPX, -0.90% fell again in Tuesday’s trade.

title: “Consumer Confidence Rose For The First Time In Four Months On Cheaper Gas And Slower Inflation Klmat” ShowToc: true date: “2022-10-30” author: “Lillian Henry”

Economists polled by the Wall Street Journal had expected the index to rise to 97.4 from 95.7 the previous month. Big picture: Americans have had some relief from high inflation due to falling gas prices, but the outlook for the economy has worsened. The Federal Reserve is raising interest rates to try to tame the highest inflation in 40 years and promises more “pain” for consumers and businesses. And many economists believe another recession is likely by next year. Higher interest rates raise the cost of borrowing and tend to make consumers and businesses spend less. Key details: A measure of how consumers feel about the economy right now rose to 145.4 in August from a 15-month low of 139.7 the previous month, the nonprofit Conference Board said Tuesday. A similar confidence index looking six months ahead jumped to 75.1 from 65.6 — the highest level in four months. Looking Ahead: “August’s improvement in confidence may help support spending, but inflation and additional rate hikes remain risks to economic growth in the near term,” said Lynn Franco, the board’s senior director of economic indicators. . Market Reaction: The Dow Jones Industrial Average DJIA, -0.72% and the S&P 500 SPX, -0.90% fell again in Tuesday’s trade.

title: “Consumer Confidence Rose For The First Time In Four Months On Cheaper Gas And Slower Inflation Klmat” ShowToc: true date: “2022-11-25” author: “Nicholas Moreno”

Economists polled by the Wall Street Journal had expected the index to rise to 97.4 from 95.7 the previous month. Big picture: Americans have had some relief from high inflation due to falling gas prices, but the outlook for the economy has worsened. The Federal Reserve is raising interest rates to try to tame the highest inflation in 40 years and promises more “pain” for consumers and businesses. And many economists believe another recession is likely by next year. Higher interest rates raise the cost of borrowing and tend to make consumers and businesses spend less. Key details: A measure of how consumers feel about the economy right now rose to 145.4 in August from a 15-month low of 139.7 the previous month, the nonprofit Conference Board said Tuesday. A similar confidence index looking six months ahead jumped to 75.1 from 65.6 — the highest level in four months. Looking Ahead: “August’s improvement in confidence may help support spending, but inflation and additional rate hikes remain risks to economic growth in the near term,” said Lynn Franco, the board’s senior director of economic indicators. . Market Reaction: The Dow Jones Industrial Average DJIA, -0.72% and the S&P 500 SPX, -0.90% fell again in Tuesday’s trade.