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U.S. consumer confidence posts biggest increase since late 2011
U.S. consumer confidence rose in June by more than forecast as optimism increased amid business reopenings, though sentiment remained well below pre-pandemic levels. The Conference Board’s index jumped by 12.2 points to 98.1, the biggest one-month gain since late 2011, according to a report Tuesday. The median estimate in a Bloomberg survey of economists had called for a reading of 91.5. The group’s subindex of expectations, based on consumers’ outlook for income, business and labor market conditions, rose to a four-month high of 106. Attitudes about the present situation gained 17.8 points to 86.2 -- the ... (full story)