Consumer confidence jump highest since 1991

According to a survey done by The Conference Board, consumer confidence rose for the second month in a row to 64.5 percent.  Lynn Franco, the director of the group’s research center claimed that “After two months of considerable gains, the index is back to levels seen last spring, consumers are more optimistic that business conditions, employment prospects and their financial situation will get better.” Franco did caution that it is too soon to tell if these jumps are sustainable.  The 24 point jump from October to December is the highest jump since after the first Gulf War in March 1991.