US consumer confidence slides as inflation views rise

12 February 2021

 

Summary: US consumer confidence posts declines for second consecutive month; University of Michigan index below consensus figure; views of present, future conditions both fall; low-income households more pessimistic; short-term inflation expectations rise, highest since 2014.   US consumer confidence started 2020 at an elevated level. However, by March, surveys had begun to reflect a growing uneasiness with the global spread of COVID-19 and its reach into the US. After a...

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