US CONSUMER CONFIDENCE JUMPS MOST SINCE 2025

The Conference Board's Consumer Confidence Index jumped 7.5 points in October to 91.7, its highest level since May and the largest monthly gain since May 2025. The Present Situation Index rose 8.6 points to 120.4, while the Expectations Index climbed 6.9 points to 72.6, nearly erasing three straight months of declines. The Conference Board tied the rebound mainly to falling retail gasoline prices and improved views of the job market, though confidence stays below its longer-term trend. Traders watching the Fed's next move now have one more data point arguing against a weakening consumer, a read that matters for $SPY and rate-cut bets alike.