The Conference
The Conference Board is a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. Founded in 1916, it delivers trusted insights for what's ahead. The organization is led by its President and CEO, Steve Odland. Notably, it appointed Dana M. Peterson as Chief Economist in August 2020. Prior to joining The Conference Board, Dana Peterson worked at Citi for many years as the company's North America Economist and Global Economist. She also had experience working at the Federal Reserve Board in Washington, D.C. Her economics portfolio includes analyzing global economic themes having direct financial market implications, including monetary policy; fiscal and trade policy; debt; taxation; ESG; and demographics. Additionally, she conducts multi-asset research and writes publications with other Citi research teams both US and global, including strategists covering rates, equities, credit, foreign exchange, commodities, political analysis, and asset allocation. Dana Peterson's extensive knowledge of both the US and global economy combined with her corporate and government experience make her uniquely suited to lead The Conference Board's award-winning Economy, Strategy & Finance Center. As Chief Economist, she provides immense value to both members and society by delivering trusted insights for what's ahead. Dana Peterson has been featured by US and international news outlets, both in print and broadcast.
96%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
100%
Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
92%
Examples:
- Consumer confidence improved for the first time in four months, with a reading of 102.
- Fewer consumers reported jobs as ‘hard to get’.
- The Conference Board Consumer Confidence Index® dipped in June to 100.4 (1985=100), down from 101.3 in May.
- The decline in confidence between May and June was concentrated among consumers aged 35-54.
Deceptions
87%
Examples:
- Confidence increased in July, but not enough to break free of the narrow range that has prevailed over the past two years, as strength in current labor market views continued to outweigh concerns about the future.
- Confidence pulled back in June but remained within the same narrow range that’s held throughout the past two years, as strength in current labor market views continued to outweigh concerns about the future.
- The Conference Board Consumer Confidence Index® dipped in June to 100.4 (1985=100), down from 101.3 in May.
Recent Articles
Mixed Signals in US Consumer Confidence: Optimism Amid Economic Uncertainty and Inflation Concerns in July 2024
Broke On: Tuesday, 30 July 2024US consumer confidence showed mixed signs of improvement in July 2024, with Americans expressing optimism and concerns about current economic conditions. Despite a slight increase in overall confidence, consumers were less positive about labor and business conditions due to inflation worries and economic uncertainty. Lower-income consumers, who spend a significant portion of their income on basic needs, are particularly vulnerable to price increases and contribute to overall economic uncertainty. US Consumer Confidence Dips in June: Americans' Pessimistic Short-Term Expectations Impact Current Business Conditions
Broke On: Tuesday, 25 June 2024US consumer confidence decreased in June, with the expectations index falling below 80 for the fifth consecutive month, indicating potential recession concerns. The Conference Board's Consumer Confidence Index dropped to 100.4 from May's revised level of 101.3, as Americans expressed negative short-term expectations for income, business, and labor market conditions. Consumer Confidence Rebounds in May Amidst Economic Uncertainty: Inflation Concerns and Job Market Bolster Optimism
Broke On: Tuesday, 28 May 2024Consumer confidence in the US rebounded in May, with both the Conference Board and University of Michigan indexes reporting increases. Consumers felt better about business conditions and their personal finances, but remained concerned about inflation. Unemployment remained low and wages grew at a solid pace, while CEOs expressed caution about economic growth.