Consumers' sentiment about the economy increased for a fourth week in a row, with all five ESI indicators increasing in one session for the first time this year. In this edition of the Macrocast, Tony, John, and Brendan are joined by John Dick of CivicScience to discuss the latest ESI report, which signaled consumers are feeling that rock bottom is behind them despite Fed-policy-driven future uncertainty and pessimistic headlines.
The group also dives into credit card debt and how stable it has remained this year, unlike most summers when it generally rises, and discusses the potential impact labor mobility might have on the housing market.
Read this week's HPS-CivicScience Economic Sentiment Index here.