United States Consumer Confidence Grows to 3-Month High

The United States reported consumer confidence figures for January. US consumer confidence jumped to 98.1 in January, higher than December’s 96.5. The 98.5 figure also topped economist’s predictions of a stagnant 96.5 from December.

A healthy employment market and lower energy costs coupled with increased consumer spending created an environment of confidence for Americans. In many US states, gas prices are well below $2, with states like New Jersey selling gas for around $1.60 per gallon.

Even though Chinese data sent ripples through global markets earlier in the year, including the US, consumers are still expressing optimism about the economy despite the volatility.

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Donald is a strategist for economiccalendar.com. He specializes in a fundamental approach while informing traders of relevant economic data. Actively trading since university, Donald trades indices and commodities. He earned his Bachelor's in Finance from Baruch College's Zicklin School of Business in New York City.