The State of the Economy for July 2024

C-Suite Perspectives

Consumers are happy to be working, but they’re still concerned about elevated prices and interest rates. That’s according to The Conference Board Consumer Confidence Index® for July.

Join Markus Schomer, Senior Economist at The Conference Board, and Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center, to find out what’s affecting US consumer attitudes and spending—and how it fits into the bigger picture of economic growth around the world. 

(00:36) Key Insights from the July Consumer Confidence Survey (00:55) Consumer Concerns: Inflation, Interest Rates, and Politics (01:46) Labor Market and Economic Expectations (03:57) Consumer Spending and Financial Sentiment (05:33) Recession Fears and Economic Indicators (10:49) Durable Goods and Service Spending Trends (17:17) Global Economic Outlook (26:20) Inflation and Central Bank Policies

For more on this topic from The Conference Board: 

• Consumer Confidence Survey

• Economic Forecast for the US Economy

• Economy Watch: United States