Our forecast of a 0.8% drop in gross domestic product in the first quarter looks much more likely now as the trade deficit widened to a record in March. … READ MORE >
Conference Board
Consumer confidence slumps amid tariffs and layoffs
The headline index for consumer confidence dropped to 92.9, slightly below our forecast of 93.3, the Conference Board reported on Tuesday. … READ MORE >
Labor costs rise, complicating Fed’s decision on rate cuts
The employment cost index rose by 1.2% in the first quarter, up from 0.9% previously, while the year-over-year growth stayed elevated at 4.2%. … READ MORE >
Consumer confidence ends the year on a positive note
The increase in confidence was broad-based in December, with the overall index rising to 110.7 from 101. … READ MORE >
Consumer confidence falls to six-month low
The top-line confidence level fell to 102.3 from an upwardly revised 103.7, the Conference Board reported on Tuesday. … READ MORE >
Consumer confidence falls in February amid a worsening outlook
The top-line confidence index dropped to 102.9 from 106.0 in the prior month, while the expectations index fell to 69.7 from 76.0. … READ MORE >
Consumer confidence drops as outlook darkens
The Conference Board’s confidence index dipped to 100.2 in November from 102.2 in the prior month, significantly below the pre-pandemic level at 130. … READ MORE >
Chart of the day: Consumer confidence slides
Consumer confidence ticked down in February as expectations for the economy softened. … READ MORE >
Consumer confidence surveys reflect a bifurcation of the nation’s economy
Recent readings of consumer confidence are revealing an increasingly bifurcated economy as households continue to grapple with the pandemic. … READ MORE >
Consumer confidence improves despite concern over omicron variant and inflation
The Conference Board’s headline consumer confidence index rose by 3.9 points to 115.8 on the month, the largest increase in three months and the highest since July, according to data from the Conference Board on Wednesday. … READ MORE >