The State of the Economy for July 2024
Consumers are happy to be working, but they’re still concerned about elevated prices and interest rates. That’s according to The Conference Board Consumer Confidence Index® for July. Join Markus Schomer, Senior Economist at The Conference Board, and Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center, to find out what’s affecting US consumer attitudes and spending—and how it fits into the bigger picture of economic growth around the world. (00:36) Key Insights from the July Consumer Confidence Survey (00:55) Consumer Concerns: Inflation, Interest Rates, and Politics (01:46) Labor Market and Economic Expectations (03:57) Consumer Spending and Financial Sentiment (05:33) Recession Fears and Economic Indicators (10:49) Durable Goods and Service Spending Trends (17:17) Global Economic Outlook (26:20) Inflation and Central Bank Policies For more on this topic from The Conference Board: Consumer Confidence Survey Economic Forecast for the US Economy Economy Watch: United States