Consumers play a role in determining the effectiveness of Monetary policy. Says one economic paper on the subject: "consumer confidence indices ... contain information, which is not already included in other macroeconomic variables" (p.1)1.

Therefore, it is essential to consider the consumer confidence indices?

A value of 100 is considered to be the benchmark (set in 1966).

What information does the current index value (Sep 2022) provide on the confidence of the American public on the following three items: "how consumers view prospects for their financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term"?

In your answer, keep in mind the AD/SRAS/LRAS model.

https://fred.stlouisfed.org/series/UMCSENT