Conference Board Confidence Improves, Inflation Expectations Rise In March
Having disappointed for the last two months, analysts expected The Conference Board’s Consumer Confidence index to extend its recent modest decline (from 102.9 to 101.0), but instead it bounced a smidge to 104.2. The Present Situation weakened a little from 152.8 to 151.1 while Expectations rebounded from 69.7 to 73.0.
The Conference Board’s gauge of one-year inflation expectations rose (after tumbling in February)…
The Conference Board’s sentiment remains notably decoupled from UMich’s sentiment measure…
Finally, the Conference Board’s measure of labor market tightness worsened (less jobs plentiful vs hard to get) in March…
That’s not what Mr.Powell wants to see.
Tue, 03/28/2023 – 10:08
Source: Zero Hedge News
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