Consumer confidence bounced back up to 60.1 out of 100 this week, up 2.9 points from last week’s reading, according to the Forbes Advisor-Ipsos U.S. Consumer Confidence Weekly Tracker. Overall consumer confidence remains high, currently sitting about 7 points above both its pandemic and historical averages. “These quick up and down movements in consumer confidence are representative of an unsettled public,” says Chris Jackson, senior vice president at Ipsos. The yo-yo effect seen with overall consumer confidence also applies here, though. Overall, it’s hard to say what’s to come next for the economy as the Delta variant spreads, but experts have indicated that the financial system still has ground to make up before the government can start easing support.

Source: Forbes July 30, 2021 11:02 UTC