US CB Consumer Confidence

Consumer confidence rebounded in October, but job vacancies surprisingly fell at a time when worker sentiment surrounding the jobs market is already weakening. If workers are increasingly concerned about job security this may run the risk that they start changing their spending behaviour, justifying ongoing gradual interest rate cuts from the Fed. Data surprises continue with sentiment rebounding while job vacancies fall sharply: Consumer confidence and the Job Openings and labour Turnover Statistics reports are the highlights for ...

Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board’s consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. Along with that, the board’s expectations index of future conditions jumped nearly 8%, to a reading of 89.1 that is well clear of the sub-80 level that indicates a recession. Economists ...

Consumer confidence plunged by the most in three years this month as more Americans adopt increasingly negative perceptions of the current and future economy. The big picture: The Conference Board's Consumer Confidence Index fell almost 7 points to 98.7 in September — the biggest monthly drop since September 2021. Why it matters: It's not just monetary policy officials who are worried about a labor market slowdown. Consumers became more pessimistic about the economy this month than in years past — largely because of a darkening ...

The Conference Board measure of consumer confidence looks disappointingly soft with the headline index dropping to 98.7 in September from 105.6 in August (initially reported as 103.3). The consensus forecast was 104.0 with the outcome being lower than anyone was predicting in the Bloomberg survey – the lowest individual submission was 101.0 from 46 different groups. Expectations dropped from 86.3 to 81.7 while the current conditions index dropped 10.3 points to 124.3. This is quite an alarming decline and is the weakest outcome since ...