Are Recession Fears Starting To Fade?

As we close out the week, it’s a good time to assess recent data. In a nutshell, it’s been positive. Based on what we’re seeing, the economy continues to grow. Of course, there are still scary headlines, fears, and real risks to contend with. But the data is showing a resilience that no one expected. This is a good sign, but what does it mean for the chance of recession this year? Let’s take a closer look.

Consumers Are Confident and Spending

The most important data this week was a significant jump in consumer confidence. The Conference Board survey came in much higher than both last month and expectations, and it is now at a two-year high. Consumer confidence is a key metric to follow, as we don’t get a recession when people feel good—which they do.