US consumers remain optimistic but slower growth, softer jobs market expected

25 May 2021

 

Summary: US consumer confidence essentially steady in May; marginal decline in Conference Board index reading less than expected; view of present conditions rises, short-term outlook falls; consumers “remain optimistic”; “economic growth remains robust” but “decelerating growth, softening labour market” expected; peak consumer confidence reached but “plenty of pent-up demand.”   After the GFC in 2008/09, US consumer confidence clawed its way back to neutral over a number of years and...

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