Economics
U.S. Consumer Confidence Rebounds to an Eight-Month High
This article is for subscribers only.
U.S. consumer confidence rebounded to an eight-month high as Americans’ views of the economy, employment and the outlook brightened amid tight labor markets and an expected Federal Reserve interest-rate cut.
The Conference Board’s index increased to 135.7 in July from an upwardly revised 124.3 in June, according to data Tuesday that topped all forecasts in a Bloomberg survey calling for 125. A gauge of the present situation for business and employment conditions improved, while the expectations measure also climbed to the highest level since November.