Confidence holding up “remarkably well” in US households

29 March 2022

 

Summary: Conference Board Consumer Confidence Index improves in March; reading essentially in line with consensus expectations; view of present conditions improve, short-term outlook deteriorate again; Present Situation Index suggests US economic growth should continue in March quarter; confidence bolstered by “strong employment growth”, holding up “remarkably well” despite Ukraine war, higher inflation expectations. After the GFC in 2008/09, US consumer confidence clawed its way back to neutral over a number...

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