Published on 22 Dec 2023 on Zacks via Yahoo Finance
Consumer Confidence to Remain High in 2024: 5 Solid Picks
An increasing number of Americans are confident about the economy making a softer landing as inflation continues to decline sharply. The Conference Board said on Dec 20 that consumer confidence jumped to 110.7 in December from 101 in November, surpassing economists’ expectations of a rise of 104.
This is the second straight month of a rise in consumer confidence and the highest reading since July.
The Present Situation Index, which measures consumers’ assessment of current business and labor market situation, jumped to 148.5 in December from 136.5 in the previous month.