According to the Conference Board’s Consumer Confidence Index, consumers remain leery about future business conditions and are increasingly apprehensive about the availability of new jobs and income growth opportunities over the next six months. Consumers’ inflation expectations for 12 months hence also increased in May as households continue to feel the effects of high prices for food and energy. All told, these results could presage constrained consumer spending activity, which could in turn weigh on broader economic growth.
Business
Source: National Association of Home Builders
