Here comes consumer confidence ...
Economists forecast that the consumer confidence index improved to 93.5 from 92.6, according to Bloomberg.
The index has leveled off after steady gains in the past few years. Here's more from Wells Fargo's Sam Bullard:
"The present situation index is near its cycle high, although it remains moderately below its pre-recession peak. The expectations index, however, has fallen modestly in recent months."
"Even with this recent moderation, consumer confidence appears strong enough to support continued spending. Buying plans for homes and automobiles both rose in the May report, in-line with our call for a sharp rebound in PCE growth in Q2."
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