Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1%...
Consumers pulled back a bit on their spending increases in August, notching the slowest growth since the beginning of the year. The latest data from the Bureau of Economic Analysis hints that that as job growth remains pressured — and perhaps as “early” back-to-school and...
For lower-income consumers, the most vulnerable subset of the paycheck-to-paycheck economy, the outlook is, in a word … gloomy. As measured in the latest reading by The Conference Board, the consumer confidence index dropped to a reading of 98.7 this month, down from 105.6 last...
Is the American consumer cautiously confident? Confidently cautious? Somewhere in the middle? The Conference Board released its Consumer Confidence Index Tuesday (Aug. 27), which showed a slight uptick but didn’t produce a definitive answer. However, when you mix in earnings season results, it’s hard to...
October 07, 2024
Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1% pace, down sharply from 6.3% in the previous month. Mix […]
September 24, 2024
For lower-income consumers, the most vulnerable subset of the paycheck-to-paycheck economy, the outlook is, in a word … gloomy. As measured in the latest reading by The Conference Board, the...
November 28, 2023
The latest data from The Conference Board showed that consumer confidence rebounded a bit in November. The question remains as to how long, or whether, the bounce can last. The...
June 25, 2024
Consumer confidence slipped slightly in June but didn’t stray far from where it’s been for two years. The Conference Board Consumer Confidence Index dipped to 100.4 in June, down from 101.3 in May, according to a Tuesday (June 25) press release. “Confidence pulled back in June but remained within the same narrow range that’s held […]
December 20, 2023
Consumer confidence surged in December, reaching a level last seen in July. There was greater optimism in consumers’ assessments of both current business and labor market conditions and those they...
March 28, 2023
American consumers are gloomy about current economic conditions but confident in the future. That’s according to new findings from The Conference Board, which said Tuesday (March 28) that its Consumer...
January 31, 2023
Consumer confidence dipped in January after rising in December, according to The Conference Board. The not-for-profit think tank said in a Tuesday (Jan. 31) press release that U.S. consumers’ assessment...
