The State of the Economy for November 2024
Description
Consumer optimism is up again in November, according to the latestConsumer Confidence Index® fromThe Conference Board.Amid growing optimism over the labor market and a stock market rally, the consumer confidence index increased to 111.7 this month from 109.6 in October.
Join Erin McLaughlin and guest Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center at The Conference Board, to find out what consumers are optimistic about, what concerns they have, and how they’re planning to spend in the next month.
(00:38 ) Key Takeaways from the Latest Survey
(01:25 ) Demographic Insights and Economic Drivers
(03:11 ) Consumer Expectations and Recession Fears
(03:35 ) Inflation, Interest Rates, and Stock Market Outlook
(08:13 ) Spending Trends on Goods and Services
(11:00 ) Concerns and Hopes for 2025
(14:31 ) Global Economic Outlook for 2024 and 2025
(16:37 ) Policy Impacts and Business Advice
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