The Conference Board reported on Tuesday that its baseline index rose to 108 from a revised 103.6 in August, the highest it has been since April. The monthly survey found that Americans are feeling less pessimistic in both their assessment of current conditions and their outlook for the future. The Present Situation Index portion of the survey rose from 145.3 to 149.6. The Expectations Index, which is based on the short-term economic outlook, rose from 75.8 to 80.3.
“We’ve been surprised with just how correlated consumer confidence has been with energy costs and fuel costs,” said Keith Buchanan, portfolio manager at Globalt Investments. “It makes people feel better when the weekly stop at the gas pump costs 30% less than it did three months ago.” Although the average national price of a gallon of gas recently reversed course, breaking a 99-day streak of falling prices, it remains well below June’s record high of $5.02.
WHCOS Come to Arizona Mr. Klain - Phoenix gasoline prices up more than 50 cents since 10 days ago (as of yesterday when I filled up) & I heard on the news today they went higher today. One radio broadcast announced the price went up 16 cents over night. Joe must have depleted the SPR
You think as global manufacturing and distribution recover from the COVID caused economic havoc might bring down inflation? If so, there is hope for your reporting.
WHCOS As a consumer of news, I have zero confidence in
WHCOS Now report on it, on tv, so folks can see what an awesome job Biden is doing
moderating
None of this is happening.
While food and energy prices are going up, Oh yea and now gas prices are starting to go up again (back over $6.00 a gallon where I am)
Again with the hope?
Lol. Bi-polar news organization
most cnn viewers must not have a 401k
6 dollar gas in CA, 7 % mortgages great job Biden, what crack are you smoking
They did this survey in Beverly Hills
Oh man andersoncooper on OutFrontCNN I know exactly how you feel going through your Mom's things after she died It's almost impossible to describe?
No it did not. We are all paying more for literally everything. Last year Biden told us the inflation was temporary and it’s only gotten worse. It’s going to get even worse too.
Hahahaha! You guys are too funny!
Until the next time
Why is gas prices still over $3, the price of oil is below $80?🤔
Nope everything still way way to expensive...nice try on that spin.
What?!?
If the Feds actions haven't reduced consumers confidence yet we have more inflation ahead. That how demand pull inflation works.
Sometimes it makes me wonder who are those consumers they talk about in those surveys? Do they keep them in Vacuum so they will not touch the real actual world?
I highly doubt it and don’t trust these fake numbers. 🤡
lmao holy L cnn.
Clearly none of these people are invested in the stock market 😂🤡
Not for long. Gas prices in the rise. This is the green new deal policy
CUT THE LEAF J/L FOR THAT WORD
Gas is $6 in California, the hell are you talking about?
😂
BS, we understand that it’s election time so CNN starting to cover their Ass
Hilarious timing as gas prices are already headed back up…lol
lololololilololll. , sure it did cosumer confidence
Gas prices are STILL outrageous
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