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March 2024: A Mixed Bag for Consumer Confidence

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March 2024: A Mixed Bag for Consumer Confidence  US consumer confidence held mostly steady in March 2024, according to The Conference Board Consumer Confidence Index® US Consumer Confidence Little Changed in March - The Conference Board . While the overall score stayed near February's levels, a closer look reveals some interesting trends. Holding Onto the Present There was some positive news for the current economic climate. Consumers felt a bit more upbeat about current business conditions and the job market compared to the previous month. This suggests that people are feeling secure in their current situations. Worries About the Future However, the picture clouds over when looking towards the short-term. The Expectations Index, which gauges consumer outlook on business conditions, income, and the labor market, dipped in March. This could indicate a growing concern about what's down the road. In fact, readings below 80 on this index can be a warning sign of a potential rec...
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September 2024: Consumer Sentiment

Consumer Sentiment Inches Upward: A Closer Look at the September 70.1 Reading The September Reading: A Positive Sign The recent release of the September Consumer Sentiment Index at 70.1 points to a slight improvement in consumer confidence. This figure represents a 3.2% increase from the previous month and a 3.4% year-over-year gain. Month-over-Month (MoM) and Year-over-Year (YoY) Comparisons Month-over-Month (MoM): The MoM increase of 3.2% suggests that consumers are becoming more optimistic about the near-term economic outlook. This uptick could be attributed to factors such as easing inflation concerns, a robust job market, and stable interest rates. Year-over-Year (YoY): The YoY increase of 3.4% indicates that consumers are feeling more confident about the economy compared to a year ago. This improvement could be linked to factors such as the gradual recovery from the pandemic and the easing of supply chain disruptions. Key Takeaways: Improving Consumer Confidence: The September...
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June 2024: Inflation Continues to Cool Down: June CPI Report Brings Relief

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Inflation Continues to Cool Down: June CPI Report Brings Relief The June Consumer Price Index (CPI) report has offered more positive news for consumers as inflation continues its downward trend. With prices increasing at a slower pace, there's growing optimism that the Federal Reserve might be nearing the end of its interest rate hikes. Key Takeaways from the June CPI Report Inflation Moderates Further: The headline CPI for June came in at 313.049, indicating a continued slowdown in price increases compared to previous months. Core Inflation Eases: Core inflation, which excludes volatile food and energy prices, also showed signs of cooling. This suggests that price pressures are broadening easing across the economy. Gasoline Prices Decline: Falling gas prices have provided significant relief for consumers, contributing to the overall decrease in inflation. Food Prices Stabilize: While food prices remain elevated, the rate of...
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