Posted on 07/25/2023 1:12:52 PM PDT by ChicagoConservative27
WASHINGTON (AP) — U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates.
The Conference Board, a business research group, said its consumer confidence index rose to 117 in July from a revised 110.1 in June. The gauge beat the 110.5 that economists had expected and was the highest since July 2021.
The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. Both improved in July. The future expectations index rose to 88.3 in July, clearing the recession threshold of 80 recorded in June.
(Excerpt) Read more at apnews.com ...
I hope maybe the fed will up our chocolate ration to 30 grams next month?!
????? On what planet??
Overall, consumer prices aren’t going down. Just the current increases are smaller (as a percentage). About the same concept as “cuts” in government spending. They aren’t spending less than before. It’s the future spending that won’t increase as much as some would like.
I bought a $7 box of Corn Flakes yesterday. Somebody tell Kroger inflation is lower.
BS
Gas just jumped .50 here at noon.
You can’t get a burger and soda anyware for under $20 with tip.
Everything has doubled or tripled in price.
My IRA’s going up this past week. Bidenomics. Might do me a bit of good.
People are now in ‘acceptance’ mode.
Confidence is a subjective pantload.
The beatings will continue until morale improves.
“You vill be confident!! And you vill eat ze bugs!”
A lot of stuff has gone down. Eggs and milk for sure. Lots of BOGO’s out there to help alleviate costs. It’s not great but it’s not 6-12 months ago either.
This will only set the stage for massive depression when the fall finally comes. The hollow, inflating balloon has to pop eventually.
1929 was high times too, until....
Watermelons (ice-box size) have always been dirt cheap in peak season, rarely going over $5 a piece. This year they are $10.
If I’m ciphering right, that’s 100% year-over-year.
its 16 months to the general election. Biden is going to spin this so hard if inflation remains lower than it was. What a tragedy if he actually won because of economically dumb voters.
I don't see that where I live. I've noticed that my grocer has their somewhat 'permanent' sale prices on certain items down to where their regular prices used to be.
Eggs are still skyrocketing. So is milk.
I’m confident my pasture raised chicken eggs and grass fed lamb are expensive.
Maybe I’ll just start eating Ramen…
Oh the Plunge Protection Team is going to be in full gear next year.
Yeah, for Consumers of Military Weapons purchased for Ukraine and Islamic Terrorists.
What BS.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.