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TranscriptConsumer confidence saw the strongest monthly gain since March 2021, according to the latest The Conference Board Consumer Confidence Index®. The index registered 108.7 in October, up from 99.2 in September, after consumers’ assessment of current business conditions and job availability, plus future business conditions, income and job availability all climbed this month.
Join Erik Lundh and guest Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center at The Conference Board, to find out where consumers stand on the labor market, spending and inflation ahead of next week’s US elections.
(00:32) October Consumer Confidence Insights
(01:35) Demographic Breakdown of Confidence
(02:19) Expectations for Employment and Recession
(03:36) Inflation and Interest Rates
(06:31) Impact of Elections and Hurricanes
(08:34) Holiday Buying Plans
(11:42) Consumer Confidence and Economic Outlook
(16:34) Global Economic Overview
(25:42) Emerging Markets and Interest Rates
For more from The Conference Board:
C-Suite Perspectives is a series hosted by our President & CEO, Steve Odland. This weekly conversation takes an objective, data-driven look at a range of business topics aimed at executives. Listeners will come away with what The Conference Board does best: Trusted Insights for What’s Ahead®.
C-Suite Perspectives provides unique insights for C-Suite executives on timely topics that matter most to businesses as selected by The Conference Board. If you would like to suggest a guest for the podcast series, please email csuite.perspectives@conference-board.org. Note: As a non-profit organization under 501(c)(3) of the IRS Code, The Conference Board cannot promote or offer marketing opportunities to for-profit entities.
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