Consumer Confidence Declines for Third Month in a Row

The Conference Board Consumer Confidence Index® decreased for the third consecutive month in July, following a larger decline in June. The Index now stands at 95.7 (1985=100), down 2.7 points from 98.4 in June. Join Lynn Franco, Senior Director of Economic Indicators at The Conference Board as she talks with Chief Economist Dana Peterson about how inflation and additional Fed rate hikes are likely to continue posing strong headwinds for consumer spending and economic growth over the next six months.