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.
Source: Bloomberg
The Conference Board’s gauge of one-year inflation expectations rose (after tumbling in February)…
Source: Bloomberg
The Conference Board’s sentiment remains notably decoupled from UMich’s sentiment measure…
Source: Bloomberg
Finally, the Conference Board’s measure of labor market tightness worsened (less jobs plentiful vs hard to get) in March…
Source: Bloomberg
That’s not what Mr.Powell wants to see.
Tyler Durden
Tue, 03/28/2023 – 10:08
