The swift outcome in the Middle East has helped quell consumers' short-term concerns. While an increase of this magnitude occurred after the Persian Gulf War in 1991, this post-war surge differs in that both components of the index posted gains.
Hikes in interest rates, severe drought conditions in the Northeast, and rising gasoline prices have helped dampen overall consumer optimism.
A decline of more than 40 cents in gasoline prices this month and the improving job outlook have combined to help restore consumers' confidence.
A decline of more than 40 cents (a gallon) in gasoline prices this month and the improving job outlook have combined to help restore consumers' confidence.