Workflow
4 Retail Stocks to Buy on the Surge in Consumer Confidence
ANFA&F(ANF) ZACKS·2024-08-01 14:35

In a promising development, Americans are now feeling more optimistic about the future, as evidenced by a rise in confidence this July. The Conference Board unveiled that the Consumer Confidence Index rose to 100.3 in July, up from a downwardly revised reading of 97.8 in June. This increase marks a positive shift despite concerns about underlying inflation pressure and a high interest rate environment.The uptick in consumer confidence highlights cautious yet growing optimism. Short-term expectations for inc ...