U.S. consumer confidence reached a 10-month high of 108.7 in October, driven by improved labor market and economic conditions.

In October, U.S. consumer confidence surged to 108.7, its highest level since March 2021, driven by improved perceptions of the labor market and overall economic conditions. The Conference Board reported this represents the largest monthly gain since March 2021. Job availability perceptions increased, and fewer consumers anticipated a recession. However, inflation concerns persist, with expectations rising to 5.3% for the next year.

October 29, 2024
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