U.S. consumers upbeat about economy

Consumer confidence in the economy rebounded over the month, suggesting that people are taking still-elevated gasoline prices and the specter of even higher borrowing costs in stride.
ADVERTISEMENT

The RBC CASH Index, based on results from the international polling firm Ipsos, showed confidence snapped out of the doldrums and clocked in at 84.1 in early June. That was a big improvement from May's reading of 67.1, a seven-month low.