US Consumer Confidence Rises Most Since 2021 on Labor Market
- Conference Board index up 9.5 points, more than all forecasts
- Gauge of consumer expectations highest since end of 2021
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US consumer confidence increased in October by the most since March 2021 on optimism about the broader economy and the labor market.
The Conference Board’s gauge of confidence jumped 9.5 points to 108.7, the highest level since the start of the year, data released Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 99.5.