US consumer confidence rises to 111.7, driven by labor market optimism

US Conference Board Consumer Confidence Index increased to 111.7 in November, up from 109.6 in October, though slightly below the expected 112.0. Present Situation Index, which reflects consumers’ views on current economic conditions, saw a significant rise of 4.8 points to 140.9. Expectations Index, measuring consumer outlook for the next six months, inched up by […]

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