#USConsumerSentimentRisesEarlyJune
Consumer confidence in the United States ๐บ๐ธ might finally be on the rebound after hitting historic lows due to skyrocketing prices during the war ๐ฅ.
The latest survey from the University of Michigan, targeting everyday Americans ๐ฅ๐ฅ๐ฅ, published today, Friday, June 12, showed that confidence jumped ๐ by 9% at the start of this month, reaching a preliminary reading of 48.9.
This is the first uptick since February ๐๏ธ, before the destabilizing war ๐ฅ between the United States ๐บ๐ธ and Israel ๐ฎ๐ฑ and Iran ๐ฎ๐ท caused a hefty spike ๐ in global ๐๐๐ energy prices ๐ข๏ธ.
Gasoline prices โฝ, which significantly influence public perception of the economy ๐ฒ, surged in the weeks following the war's onset, causing confidence to plummet to historic lows, not once but twice.
We believe this confidence index will keep climbing ๐ in the coming weeks ๐๐ผ. $CVX
Consumer confidence in the United States ๐บ๐ธ might finally be on the rebound after hitting historic lows due to skyrocketing prices during the war ๐ฅ.
The latest survey from the University of Michigan, targeting everyday Americans ๐ฅ๐ฅ๐ฅ, published today, Friday, June 12, showed that confidence jumped ๐ by 9% at the start of this month, reaching a preliminary reading of 48.9.
This is the first uptick since February ๐๏ธ, before the destabilizing war ๐ฅ between the United States ๐บ๐ธ and Israel ๐ฎ๐ฑ and Iran ๐ฎ๐ท caused a hefty spike ๐ in global ๐๐๐ energy prices ๐ข๏ธ.
Gasoline prices โฝ, which significantly influence public perception of the economy ๐ฒ, surged in the weeks following the war's onset, causing confidence to plummet to historic lows, not once but twice.
We believe this confidence index will keep climbing ๐ in the coming weeks ๐๐ผ. $CVX