Consumer confidence hits highest in years

In a survey released on Tuesday by The Conference Board, it was found that U.S. consumers are more optimistic about the state of the economy than they have been in over two years.

The nonprofit business research group’s consumer confidence index increased for the third consecutive month in January, rising from 108 in December to 114.8.

This boost in consumer confidence is likely to be a positive signal for President Biden’s reelection campaign, with the economy expected to play a central role after a tumultuous few years.

The current confidence reading is the highest since December 2021 when inflation reached 7 percent during the economic recovery from the pandemic, The Hill reported.

READ MORE: https://thehill.com/business/4437275-consumer-confidence-hits-highest-level-since-december-2021/

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