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U.s. Consumer Confiden... Topics

‘The world’s most useless economic statistic’

Bloomberg reports that U.S. consumer confidence is almost back to pre-recession levels. But is that actually good news? Over at the Big Picture, James Bianco says it’s not clear why “consumer confidence” is a useful metric. It’s not correlated with jobs. Or retail sales.

Consumer confidence rebounded in November

U.S. consumer confidence bounced back from a 2-1/2 year low in November as apprehension about job and income prospects eased, according to a private sector report released Tuesday.

US Stocks Rise In Afternoon Trade; Utilities, Consumer Sectors Lead

US stocks rose Friday as an upbeat retail sales report trumped a weak reading on consumer confidence, putting the Dow Jones Industrial Average on track for its first back-to-back gain in ...

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