The State of the Economy for June 2024
Consumer confidence has pulled back in June, according to The Conference Board Consumer Confidence Index®. The index dipped to 100.4, down from 101.3 in May, with consumers expressing mixed feelings on the labor market and short-term business outlook. Join Markus Schomer, Senior Economist with The Conference Board, and Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center, to find out why consumer confidence continues to decline—and what that means for US and global economic growth. (00:31) June Consumer Confidence Survey Insights (00:53) Factors Influencing Consumer Confidence (02:04) Age and Income Differentiation in Confidence (02:58) Present Situation and Expectations Indices (06:09) Consumer Views on Recession and Inflation (07:49) Interest Rates, Stock Market, and Finances (10:16) Consumer Spending and Buying Plans (13:50) Outlook for the U.S. Economy (17:04) Global Economic Outlook