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    February 7, 2024

    Consumer confidence accelerated in January

    Written by David Schollaert

    Consumer confidence in the US rose in January and accelerated to a two-year high, The Conference Board reported. Results came amid slacking inflation and expectations that the Federal Reserve could soon start cutting interest rates.

    The headline Consumer Confidence Index rose to 114.8 in January from a downwardly revised 108.0 in December. The index, which measures Americans’ assessment of current economic conditions and their outlook for the next six months, was at its highest level since December 2021.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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