U.S. consumer confidence rebounds in June, but rising COVID-19 infections a worry

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U.S. consumer confidence grew more than expected in June, strengthening views that the economic downturn was likely over, though rising COVID-19 infections threatened to derail the budding recovery.

The Conference Board said on Tuesday its consumer confidence index rose to a reading of 98.1 this month from a downwardly revised 85.9 in May. Still, confidence remains 34.5 points below its pre-pandemic level. Economists polled by Reuters had forecast the index would rise to 91.8 in June.

“Faced with an uncertain and uneven path to recovery, and a potential COVID-19 resurgence, it’s too soon to say that consumers have turned the corner and are ready to begin spending at pre-pandemic levels.”

 

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Democrats are hell-bent against opening up America to resume a normal day. They want everything shut down to use this virus against President Trump's re-election. Democrats want THE PUPPET Joe Biden to get elected so this country can turn communist.

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