US household confidence recovers; current Fed outlook “soft”

30 April 2019

 

US consumer confidence collapsed in late 2007 as the US housing bubble burst and the US economy went into recession. By 2016, it had clawed its way back to neutral and then went from strength to strength until late 2018. After a dramatic drop through December and January, confidence levels then recovered in February. However, an element of volatility has been introduced in recent months. The latest Conference Board survey...

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