Consumer Confidence in U.S. Reaches 18-Month High Despite Recession Fears

American consumer confidence rose to its highest level since January 2022 in June according to The Conference Board.
Consumers reported greater confidence in the present economic situation but continue to signal expectations of a recession within the next year.
Inflation expectations declined slightly but remain elevated while consumer spending on big-ticket items like homes and cars is slowing.
The Federal Reserve held interest rates steady at its June meeting.
Younger consumers and higher-income households reported the greatest increases in confidence.