The numbers: Consumer confidence jumped in January to a more than two-year high of 114.8, a survey showed, reflecting slower inflation, a record stock market and improved growth in the economy.

The closely followed index advanced from a revised 108.0 in December, the Conference Board said Tuesday.

Economists polled by the Wall Street Journal had forecast the index to register 115.0.

Consumer confidence tends to signal whether the economy is getting better or worse. A similar survey known as consumer sentiment also rose this month to the highest level since the summer of 2021.

Both indexes are still well below their pre-pandemic peak, however.