Every month, the two primary measures of U.S. consumer confidence, the University of Michigan’s Index of Consumer Sentiment and the Conference Board’s Consumer Confidence Index, are released with much media fanfare. The attention these indexes receive often centers on their potential to provide more information regarding current and future economic conditions—and the belief that changes in the two indexes may foreshadow changes in general economic conditions.
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Fed in Print: An index of the economic research conducted by the Fed.