Consumer Confidence Rises Solidly in September
|Labor Market Improvement Boosts Current Sentiment
- Increasing for the second consecutive month, consumer confidence unexpectedly rose 2.3 points to a new cycle high of 104.1 in September. Gains were seen in both the present situation and expectations indices.
- Consistent with the Fed’s assessment of “strengthening,” labor market conditions have been supportive to the recent increase we have seen in confidence and consumer spending growth.
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