US Consumer Confidence Surges To Highest Level Since July 2021

A Black Friday sign is displayed in a Departmental Store on November 25, 2022, in New York City. Black Friday, the day after Thanksgiving, is traditionally regarded as the start of the holiday shopping season, with shoppers flocking to stores and online for bargains, but with consumer confidence down, retailers are bracing for a considerably slower Black Friday. (LEONARDO MUNOZ/GETTY IMAGES)

U.S. consumer confidence soared to its highest level since July 2021, according to data issued Tuesday by The Conference Board, driven by a strong job market and a steady decrease in inflation.

Traders work on the floor of the New York Stock Exchange during afternoon trading on December 21, 2022, in New York City. Stocks closed strong today for a second day in a row with the Dow Jones closing with over 500 points amid a better-than-expected report on consumer confidence from the Conference Board. (MICHAEL M. SANTIAGO/GETTY IMAGES)