Consumer Confidence in U.S. Rose to 7-Year High Last Week

The video discusses the latest Consumer Comfort Index reading of 41.7, highlighting a seven-year high in consumer confidence. This increase is attributed to falling gasoline prices and an improving job market. Economic expectations have also risen, matching a two-year high, indicating overall optimism. Julie Hyman provides insights from the breaking news desk.

What recent reading did the Bloomberg Consumer Comfort Index achieve?

• 41.7

• 50.0

• 39.5

• 45.2

What economic factors contributed to the rise in consumer confidence?

• Increasing interest rates and inflation

• Falling gasoline prices and an improving job market

• Rising housing prices and stock market volatility

• Decreasing consumer spending and higher taxes

How did the Consumer Comfort Index perform the previous week?

• It was at a five-year high

• It was at a seven-year high

• It was at an all-time high

• It was at a ten-year high

What is the significance of the monthly views on economic expectations?

• They have fallen to a five-year low

• They have remained unchanged

• They have decreased to a two-year low

• They have risen to a two-year high

Who provided the report on the Consumer Comfort Index?

• Scarlet Fu

• Tom Keene

• Julie Hyman

• Betty Liu