U.S. consumer confidence jumps to an eight-month high as recession fears ebb
The numbers: A survey of consumer confidence jumped to a eight-month high of 108.3 in December, reflecting fewer worries about inflation and more optimism about jobs and the economy.
Falling gas prices have helped to bolster the confidence of consumers and ease their worries about inflation. The decline in inflation expectations is sure to hearten senior officials at the Federal Reserve, who worry high inflation could become entrenched in the economy. Big picture: Consumer confidence tends to signal whether the economy is getting better or worse. For now Americans are cautiously optimistic.
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