Anxiety over the possibility of an economic recession continued to fade
The Conference Board's consumer confidence index rose to 102 from 99.1 in October
Geopolitical conflicts and inflation remain at the forefront of American consumers' minds
Labour market continues to show strength in the face of elevated interest rates
The downturn in spending showed up in the earnings reports of many high-profile retailers
Outside tech layoffs early this year, companies have mostly been retaining workers
Since the pandemic hit, U.S. employers have added jobs at a blistering pace
It's the fourth time in five months that overall U.S. consumer confidence has declined
Consumer spending has remained strong despite the Federal Reserve raising interest rates nine straight times
High inflation contributed to consumer anxiety