ZeroHedge· Tyler Durden·· 3 hr agoAI Score27
U.S. Consumer Confidence in October Rebounds Sharply from COVID-19 Lows
Americans' Consumer Confidence Rebounded Dramatically Off COVID Lows In October
AI summary
The Conference Board's consumer confidence index for October rose 7.5 points to 91.7 from 84.2 in September, hitting a new high since June and significantly exceeding the market expectation of 81.0. The survey period was from October 1 to 21. The rebound in confidence was mainly due to falling gasoline prices, but it remains in a long-term downward trend, and consumers' dissatisfaction with rising prices remains prominent.
Source:ZeroHedge · zerohedge.com