Consumer confidence jumped in June. From The Conference Board: “Consumer confidence improved in June to its highest level since January 2022, reflecting improved current conditions and a pop in expectations… Assessments of the present situation rose in June on sunnier views of both business and employment conditions. Indeed, the spread between consumers saying jobs are ‘plentiful’ versus ‘not so plentiful’ widened, indicating upbeat feelings about a labor market that continues to outperform. Likewise, expectations for the next six months improved materially, reflecting greater confidence about future business conditions and job availability.“ conference-board.org/to…

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Jun 27, 2023