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US Consumer Confidence Index by the Conference Board

Country:
USDUnited States
Importance:
★★
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Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
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About US Consumer Confidence Index by the Conference Board

The Consumer Confidence Index measures the level of confidence U.S. consumers have in the economic situation. This data is released monthly by The Conference Board, a private economic research institution, and is crucial for evaluating consumers' economic outlook.

The index is calculated based on survey results regarding consumers' current economic conditions and their future economic outlook. A high index indicates that consumers are optimistic about the economy, which likely leads to an increase in consumer spending. Conversely, a low index indicates that consumers are pessimistic about the economy, which likely leads to a decrease in consumer spending.

This data is a valuable reference for policymakers to assess consumer sentiment and formulate appropriate economic policies. It is also an important source of information for businesses and investors to understand trends in consumer confidence and to assess economic outlooks.

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