(RTTNews) - Consumer confidence in the U.S. has seen a significant improvement in the month of December, according to a report released by the Conference Board on Wednesday. Lynn Franco, Senior Director of Economic Indicators at the Conference Board, also noted inflation expectations retreated to the lowest level since September 2021, reflecting recent declines in gas prices. "This shift in consumers' preference from big-ticket items to services will continue in 2023, as will headwinds from inflation and interest rate hikes."