Reported 8 months ago
In June, the Conference Board reported a consumer confidence index slightly above expectations at 100.4, falling from May's 101.3. Seana Smith and Madison Mills analyze the numbers and market reactions to recent consumer pressures. Despite a slight improvement in inflation, consumer worries about the future continue to impact confidence levels. The market is responding positively, with the S&P and NASDAQ showing gains. However, the consumer confidence index dropped to 100.4 and median inflation expectations decreased to 4.3% in June, reflecting ongoing concerns among consumers.
Source: YAHOO