Consumer Nation: Can Confidence Drive the Economy?

In October 2018, The Conference Board Consumer Confidence Index® reached its highest level since September 2000, despite a steep stock market slide and potential headwinds from inflation and rising interest rates.1 Another measure, the University of Michigan Index of Consumer Sentiment, has also remained higher in 2018 than in any year since 2000.2

Confidence dropped slightly in November, but remained at elevated levels no