Consumer Confidence Rising, But Is It Enough?
June 12th, 2009
While down a bit from expectations, the increase marks the multi-month high and the strongest showing since September of 2008. Over the past three months, the confidence reports have shown an increase proving perhaps that the economy is set to rebound.
This report , however, also gauges inflation expectation, which has risen to its highest in months.
The five-year inflation outlook rose to just above 3 percent this month, the highest since October of last year. While the confidence numbers are are promising, the fact that inflation is still set to increase is worrisome to some analysts. Concern continues to grow that the federal government may not be doing enough to to help spur recovery.
