Consumer Confidence Unexpectedly Falls as Hope Crashes

The Conference Board said its index of consumer sentiment fell to 102.9 in February from a downwardly revised January reading of 106.0, Economists had forecast an increase to 108.5 after the initial January reading of 107.1.measure of consumers’ assessment of current business and labor market conditions actually improved to 152.8 from 151.1 last month as a rising share who said jobs were plentiful offset a deteriorating view of current business conditions.

Readings below 80 on the expectations barometer often signal a recession within the next year. Expectations have been below that level for 11 of the last 12 months.

Traitor joe

Let's see committing treason at least five times now and still walking around like he's president

Staffing Companies have reported that 60% of open jobs needing filled have been closed without filling them. Everyone person that is laid off doesn't spend money, the Snow Ball has started rolling down hill.

MiniatureQuark Months of triple and quadrupled electric bills and 2 years of consumer price gouging will do that. What are the Republicans SpeakerMcCarthy working on? Cutting life lines for seniors and the poor, crashing the economy (their specialty) and holding National Enquirer hearings.

Just like Trump, forecast would happen under Biden!

It ok Hunter, Daddy said there won't be a world left for you to stand trial in.

As fixed income seniors in the Biden economy, we no longer have the purchasing power we had under President Trump. Things have to last or like my dishwasher, they don’t get fixed or replaced.

This clown dies an interview saying how great the economy is. More people getting jobs. Price of everything dropping. I don’t see it at all. Hell I just booked a hotel in Wilmington NC for 2 nights. Over $800. Aruba is freaking cheaper. Wilmington is not paradise

Why don’t you have Powell picture. You are so full of it Breibart

Does he really have the balls to continue to lie about the economy?

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Consumer confidence slips to three-month low on worries about recessionA survey of consumer confidence fell to a three-month low, signaling worries about the economy as high inflation and rising interest rates depress growth. Lol Nothing to do with Biden! Just weird how things went from Trump being so powerful,everything could be laid at his feet. Fast Forward to 'all these bad things are happening'....and no none of it is Bidens fault. The next article will be about Bidens' masterful policies. big surprise there..
Source: MarketWatch - 🏆 3. / 97 Read more »

Consumer confidence slumped in February amid recession concerns | CNN BusinessAmerican consumers felt much worse about the US economy in February amid rising interest rates and concerns about a potential recession, according to the latest survey data released Tuesday by the Conference Board. And yet, turn on any morning show and hear about how travel is way up. Such a conundrum.....we're nervous about our money, let's go to Disneyland!!!!!🙄🙄🙄 what American consumers felt is irrelevant for economy how much tax they pay matters
Source: CNN - 🏆 4. / 95 Read more »