Consumer Confidence Soars and Inflation Expectations Rise, Raising Doubts About More Government Spending
Kevin Dietsch/Getty
29 Jun 2021
Consumer confidence rose more than expected in June, even as negotiations for trillions of dollars of additional government spending were stalled by radical leftwing demands for additional social welfare and climate change programs in a bill supposedly focused on infrastructure improvements.
The Conference Board said Tuesday that its index of consumer confidence rose to 127 from 120 in May. Economists had forecast a slight slip to 119.
“The Present Situation Index based on consumers’ assessment of current business and labor market conditions rose from 148.7 to 157.7. The Expectations Index based on consumers’ short-term outlook for income, business, and labor market conditions improved to 107.0, up from 100.9 last month,” the Conference Board said.
Consumer Confidence Increased in June
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Consumer Confidence Soars and Inflation Expectations Rise, Raising Doubts About More Government Spending
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