US November consumer confidence 111.7 vs 111.3 expected

• Prior was 108.7 — was strongest since March 2021
• Present Situation Index 140.9 vs. 138.0 prior
• Expectations Index 92.3 vs 89.1 prior
• 12-month inflation expectations declined from 5.3% last month to 4.9%

“Consumer confidence continued to improve in November and reached the
top of the range that has prevailed over the past two years,” said Dana Peterson, Chief Economist
at The Conference Board. “November’s increase was mainly driven by more
positive consumer assessments of the present situation, particularly
regarding the labor market. Compared to October, consumers were also
substantially more optimistic about future job availability, which
reached its highest level in almost three years. Meanwhile, consumers’
expectations about future business conditions were unchanged and they
were slightly less positive about future income.”

The cutoff date for preliminary results was November 18, 2024 but many were received before the results so it’s not a clean post-election reading.

This article was written by Adam Button at www.forexlive.com.