4.27.21
U.S consumer confidence jumped to a 14-month high in April following a strong pickup in March. The Conference Board’s consumer confidence index rose to 121.7 in April from a revised 109.0 in March. The increase was led by a strongly positive assessment of current conditions as more Americans get vaccinated and businesses reopen. The second round of stimulus payments also contributed to the favorable sentiments. The expectations index, which monitors short-term outlook increased moderately as more consumers expect their incomes to increase.