The latest Conference Board Consumer Confidence report points to an important inflection point: consumer expectations are starting to align with improving economic fundamentals. With inflation running below what many households still anticipate and growth remaining resilient, consumer confidence is beginning to firm.
The headline confidence index rose to 91.2, beating expectations. More important than the top-line number was the movement underneath it. The Expectations component — how Americans view the next six months — posted a solid gain. That is typically where economic recoveries take root. Expectations improve before spending accelerates.
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