As of January 2025, U.S. consumer confidence has shown notable fluctuations over the past year. In November 2024, the Conference Board's Consumer Confidence Index rose to 111.7, marking the highest level in nearly three years. This increase was largely driven by consumers' improved outlook on job prospects and a decrease in inflation expectations.
However, in December 2024, there was a decline in consumer confidence, indicating ongoing concerns about the economy. Despite these concerns, the labor market remained robust, contributing to a generally positive sentiment among consumers.
Overall, while there have been periods of increased optimism, U.S. consumer confidence has experienced variability, reflecting the complex economic environment.