Inside the Economy: Consumer Confidence, Mortgage Rates, and U.S. Markets

This week on “Inside the Economy”, we discuss consumer confidence, mortgage rates, and U.S. Markets. The May consumer confidence index report shows a higher than anticipated reading. Who is typically surveyed for the consumer confidence index report? As for interest rates, the Federal Reserve Board forecasts rates to decrease to 4% in the next two years. What is the forecast for mortgage rates? Lastly, Foreign investments in U.S. Markets eclipse $25 Trillion. Do countries like Singapore, Australia, or the U.K. have additional monies for future investment? Tune in to learn more!

 

Key Takeaways:

• Consumer Confidence Index at 102
• 30-Year Mortgage rate at 6.94%
• Foreign Investments in U.S. Markets surpass $25T