U.S. Economic News
September 25, 2018
U.S. Economic Indicators
The Conference Board’s Consumer Confidence Index rose from 134.7 (revised) in August to 138.4 in September. The increase was driven by improvements in both the Expectations Index and the Present Situation Index. Conference Board Report
U.S. News
Sarah Chaney of the Wall Street Journal reports that the economic outlook among CEOs of America’s largest companies eased slightly in the third quarter. The Business Roundtable CEO Economic Outlook Index, which measures company plans for hiring and capex and expectations for sales, cooled somewhat in the third quarter amid rising concerns about the Trump administration’s recent trade actions. WSJ
According to the Wall Street Journal global oil prices rose today to their highest level in four years amid growing supply constraints. Brent crude rose above $81/barrel as OPEC members indicated that they would adhere to their plan to gradually ramp up production rather than increase output to help alleviate upward price pressures. WSJ