Consumers feeling more confident than they have in two years: Here why

The index, which measures both Americans’ assessment of current economic conditions and their outlook for the next six months, is at its highest level since December of 2021.

Americans’ expectations of a recession in the next 12 months continued to decline.

Consumer spending accounts for about 70% of U.S. economic activity, so economists pay close attention to consumer behavior as they take measure of the broader economy.