US Consumer Confidence Hits Highest Level Since July

Improved Outlook for Economy as Recession Fears Decline Amid Strong Retail Sales

Consumer confidence in the US has risen to 110.7 in December, the highest level since July, surpassing economists' expectations.
Expectations for the next six months also increased, reflecting improved confidence about future business conditions, job availability, and incomes.
Despite rising prices being the top concern for consumers, the perceived likelihood of a recession in the next 12 months has declined to the lowest level this year.
Retail sales rose by 0.3% in November, indicating a strong start to the holiday shopping season despite elevated prices.
The Federal Reserve has signaled potential interest rate cuts next year, which could alleviate credit card and auto loan rates that have squeezed consumers.