With the possible exception of very modest good news from the housing front, US economic data has simply taken a turn south. And consumer confidence is among the front runners. Today’s report from the Conference Board showed a drop in consumer confidence in June, and Gallup reports today that its economic confidence index also fell to a reading of -26 for the week ending June 24th, down from a -24 reading for the prior week.
Gallup suggests that the drop in confidence is attributable to the troubles in Europe and US bank ratings’ downgrades. The company further suggests that June’s unemployment figures could decline and that “could help improve confidence.” If gasoline prices continue to fall that could also boost confidence in the US economy.
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.