Consumer Confidence Increased Slightly in the US
Consumer confidence increased slightly in March, after a decrease
in February. What’s more, 57 percent of consumers said jobs were plentiful,
marking a new historical high. The Present Situation Index—based on consumers’
assessment of current business and labor market conditions—improved. However,
the Expectations Index—based on consumers’ short-term outlook for income,
business, and labor market conditions—declined.
These results speak to the resiliency of the American consumer. Confidence
continues to hold up despite expectations for inflation and geopolitical
uncertainties. These headwinds may persist in the short term and could dampen
confidence and cool spending in the months ahead.
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