The CB Consumer Confidence Index, published by The Conference Board, measures the degree of optimism that American consumers feel about the overall state of the economy and their personal financial situation. It is a key economic indicator as it can predict consumer spending, which accounts for a significant portion of the U.S. GDP. High consumer confidence typically signals increased consumer spending and economic growth, while low confidence may indicate economic slowdown. Financial markets closely watch this index for insights into future economic activity and potential shifts in monetary policy.
The CB Consumer Confidence Index, published by The Conference Board, measures the degree of optimism that American consumers feel about the overall state of the economy and their personal financial situation. It is a key economic indicator as it can predict consumer spending, which accounts for a...