Consumer Comfort Index Marks 17-Year High - Adviser Investments

Consumer Comfort Index Marks 17-Year High

Chris Hagan, vice president at Adviser Investments, has the market analysis for Thursday, August 9. There was minimal trading volume across all the major U.S. stock indexes today.  Bloomberg released its Consumer Comfort Index indicating that U.S. consumer confidence is at a 17-year high as a result of a strong labor market, ongoing economic growth, low gas prices and other factors. Meanwhile, Chicago Fed President Charles Evans noted that potential inflation gains are “nothing to be worried about” as rates normalize.

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