Americans' outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring.The Conference Board, a business res
Americans' outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring.
Rising consumer confidence suggests Americans may spend more in the coming months, which would help boost economic growth. Yet Americans have been spending at a healthy clip for much of the past two years even as confidence measures have been low, a sign that sentiment surveys may not be as useful a guide to the economy's direction as they were in the past.
In the Conference Board's report, the proportion of Americans who anticipate a recession in the next 12 months fell to the lowest level since the group first began asking the question in July 2022. And consumers' optimism about future hiring rose to its highest level in nearly three years.
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