Consumer confidence jumps to five-month high thanks to falling gas prices
The numbers: Americans feel a lot better because of falling gasoline prices: A survey of U.S. consumer confidence jumped to a five-month high of 108 in September.
The strong labor market and rising wages also gave Americans more confidence, the nonprofit Conference Board said Tuesday. The unemployment rate is close to a 54-year low and wages are rising at the fastest pace in decades. The Federal Reserve is raising rates sharply to to try to tame the highest inflation in 40 years. Higher rates raise slow the economy and an increasing number of economists think another recession is likely by next year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Biden hits oil and gas companies: 'Bring down prices you’re charging at the pump'Biden once again took aim at oil and gas companies on Monday, accusing them of squeezing consumers with high gas prices despite a drop in the price of oil.
Leer más »
Electricity prices could rise even higher in Houston thanks to natural gas prices, CenterPoint rate hikeConsumers across Texas have already received sticker shock as they've renewed or signed up for electricity plans in the state's deregulated power market.
Leer más »
Biden urges companies to lower costs for consumersU.S. President Joe Biden on Monday urged companies running gas stations, banks and cell phone services to lower costs for consumers coping with inflation.
Leer más »
Butter shortage drives up prices ahead of holiday baking seasonThe average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.
Leer más »