State of the Global Economy for June 2023
The Conference Board announced that the Consumer Confidence Index® increased substantially in June. In this episode of CEO Perspectives, Erin McLaughlin, Senior Economist at The Conference Board, and Dana Peterson, Chief Economist at The Conference Board, sit down to discuss what this means for the US economy. Tune in to find out: How were consumers feeling in June? Are they still signaling recession? When is it expected to begin? Why did the Fed pause raising interest rates and what can we expect in the future? How might the end of the pause on student loans affect consumer spending? What challenges are facing the European and Chinese economies? How have rising interest rates affected bank lending and business spending?