Banking turmoil hits; Conf. Board confidence index down in April

25 April 2023

 

Summary: Conference Board Consumer Confidence Index falls in April, less than expected; expectations  below level which often signals looming recession; probably picking up full effect of March banking turmoil; views of present conditions improve, short-term outlook deteriorates. US consumer confidence clawed its way back to neutral over the five years after the GFC in 2008/2009 and then went from strength to strength until late 2018. Measures of consumer confidence then...

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