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 was the previous high of the Consumer Comfort Index before the current reading?

What is the significance of the monthly views on economic expectations reaching a two-year high?