Consumer confidence unexpectedly rose but it’s just before big events
The Conference Board's confedence index which published today rose to 59.8, but it may lead to a misunderstanding. Since the survey cutoff date was Sep. 23, look at what happened after that date:
As the environment has become pretty negative, the momentum will certainly turn down. Americans are likely to lose confidence heading into the presidential election if the tumoil continues.
As the environment has become pretty negative, the momentum will certainly turn down. Americans are likely to lose confidence heading into the presidential election if the tumoil continues.
Labels: consumer spending
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