Happy Friday everybody and welcome to another episode of The Reside Daily Bite; I’m your host, David Doucette. Today, I want to talk to you about the Consumer Confidence Index. It’s still going to be a happy Friday after we’re done talking about it.
The Consumer Confidence Index is a number that is used to measure the confidence of how consumers feel about the economy based on their spending and saving habits. It’s a very important number because the Federal Reserve will look at that number when they’re deciding whether to make changes in the interest rate. The stock market pays attention to that number, as well. So, it’s a very important number.