The State of the Economy for August 2024

The latest survey results from The Conference Board Consumer Confidence Index® show consumers in the US have positive views about current and future business conditions, but their overall feelings about the economy remain mixed, and they are still worried about high prices, inflation and unemployment. 

Join Erik Lundh, Senior Economist, Global at The Conference Board and Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board, to find out how US consumer sentiment could soften spending in the second half of 2024. 

(00:30) U.S. Consumer Confidence Overview (01:33) Factors Influencing Consumer Confidence (02:33) Labor Market and Recession Risks (06:14) Inflation and Interest Rates (08:04) Consumer Financial Sentiments (12:20) Buying Plans and Durable Goods (16:45) Global Economic Forecast (33:00) Conclusion and Final Thoughts

For more on this topic from The Conference Board:  

• Consumer Confidence Survey 

• Economic Forecast for the US Economy 

• Economy Watch: United States