Consumer Confidence Rebounds to 6-Month High as Views on Economy and Jobs Improve
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Consumer confidence increased in December to the highest level since July 2022, driven by more positive views on current business conditions, the job market, and future prospects.
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Assessments of the present situation improved, with more positive perceptions of business conditions and job availability.
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Expectations for the next 6 months also rose, showing improved confidence in future business conditions, jobs, and incomes.
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Inflation expectations continued receding, now standing at 5.6% for the next 12 months.
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Two-thirds still perceive a potential economic recession in 2024, though recession risk is seen as lower than earlier this year.