Consumer confidence climbed in November, reaching its highest level in over a year, as Americans responded to an improving economy and Donald Trump’s return to the presidency. The Conference Board’s consumer confidence index rose to 111.7, up from a revised
Consumers are much less happy with current conditions and more pessimistic about what’s coming.
Republicans are feeling better about the future as polls show Trump-Vance are favored to win in November.
Courts in Hong Kong heard four liquidation suits against Chinese developers from their frustrated creditors last week, a record number of cases to hit the courts at the same time.
Consumer confidence rose in May but households’ assessments of their financial health worsened and inflation expectations rose.
Both major measures of consumer confidence declined in February. The Conference Board’s expectations index is below the level that often signals a recession.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the fall in consumer sentiment in the University of Michigan survey, which was the worst intramonth fall since March of 2020,
The Shaky Edifice of Improved Consumer Confidence Americans are feeling better about the economy than they have in years. Or at least Democrats are. Consumer confidence—as measured by the Conference Board’s monthly survey—surged to a two-year high in January, the
Tis the season to be jolly.
The consumer confidence index improved in November but the expectations component is still below the threshold that indicates a recession is coming in the next year.
More than two-thirds of consumers still said recession is ‘somewhat’ or ‘very likely.’
The proportion of consumers saying recession is ‘somewhat’ or ‘very likely’ rose in September after dropping in August.
Let’s face it. This is Taylor Swift’s economy. The rest of us just work in it.
China’s faltering economy took another beating in July, as both import and export numbers came far below expectations. Imports fell 12.4 percent instead of the five-percent slide that was expected, while exports dropped 14.5 percent against an expected 12.5 percent.
A strong jobs market and easing inflation gave consumer confidence a bigger boost than expected in July.
Goldman Sachs downgraded its 2023 growth forecast for China from 6% to 5.4% on Sunday, joining financial institutions like UBS, Bank of America, Nomura, and JPMorgan that have made comparable downward revisions to their China growth forecasts over the past few weeks.
Even after the recent rebound, more Americans say the economy is in poor shape than say it is doing well.
Consumer confidence fell in May from April but remained above the level expected by economists.
Even though consumers are slightly more upbeat about the present, they are increasingly wary of the near future.
Jerome Powell finally got some good news today: the American people grew increasingly pessimistic about the economy in February.
Worsening expectations overcame a favorable view of current job prospects.
This might be one of the most hated stock market rallies in history. The American public’s bearishness on stocks is accompanied by a dour view of our economic prospects over the next six months.
Expectations for business conditions and the labor market made a turn for the worse and expected inflation picked up.
The consumer expectations barometer fell again, hitting a six month low, and remains at a low level consistent with a looming recession.
Here we go again. The Commerce Department on Wednesday said that consumer spending grew by 1.3 percent compared with September, when spending was unchanged with the prior month. Compared with a year ago, retail sales were up 8.9 percent. Total
Consumer confidence was driven down by a sharp decline in assessments of the present situation.
High inflation under Democrat President Joe Biden’s economy is making American consumers anxious about the affordability of basic necessities — such as housing, food, and gasoline.
An increasing share of consumers expect higher incomes and more plentiful jobs six months from now, confounding Fed attempts to cool the labor market.
People are increasingly unhappy with economic conditions as inflation keeps rising and a recession looks increasingly likely.
June saw a bigger than expected decline in consumer confidence due to worsening expectations for the economy.
U.S. consumers are cooling plans to buy big-ticket items or spend on summer vacations.
The government said on Thursday that the economy shrunk more in the first quarter than it initially estimated.
We now have two separate surveys that show economic confidence plummeting in the month of May.
Views of the current situation grew less positive while the outlook failed to recover from last month’s hope crash.
Concerns about inflation are on the rise again after easing in December and January.
Rising prices and the ongoing pandemic dragged down consumer confidence as 2021 got going.
High and rising inflation is convincing more people that business conditions are poor and the labor market will weaken in the months ahead.
Another looming crisis for the Biden administration is the backlogged cargo ships anchored off the coasts of California and New York.
Consumer confidence declined for the third straight month as plans to spend on homes, autos, and major appliances all retreated.
Views of current conditions and the near-term future grew much dimmer in August.
