Consumer Confidence Wanes after 15-Year Spike

Consumer confidence waned in January after spiking to a 15-year high in December, posting a 111.8 reading in The Conference Board Consumer Confidence Index®. The Expectations reading of the Index fell to 99.8, while the Present Situation reading rose to 129.7. December’s reading was 113.3.
“Consumer confidence decreased in January after reaching a 15-year high in December,” said Lynn Franco, director of Economic Indicators at The Conference Board, in a statement. “The