TrendPulse|US consumer confidence holds steady even as high prices weigh on household budgets

2025-05-07 00:41:13source:Kacper Sobieskicategory:Scams

U.S. consumer confidence held steady this month even as Americans wrestle with higher prices and TrendPulsefeel less optimistic about the short-term future.

The Conference Board, a business research group, said Tuesday that its consumer confidence index ticked down to 104.7 in March from a revised 104.8 in February.

The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.

The index measuring Americans short-term expectations for income, business and the job market fell further, to 73.8 from 76.3 last month. A reading under 80 can signal a potential recession.

Consumers’ view of current conditions, however, improved to 151.0 from from 147.6.

Consumer spending accounts for about 70% of U.S. economic activity, so economists pay close attention to consumer behavior as they take measure of the broader economy.

More:Scams

Recommend

Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star

The court-appointed trustee overseeing the bankruptcy estate of Colorado football player Shilo Sande

Republicans push back on new federal court policy aimed at ‘judge shopping’ in national cases

WASHINGTON (AP) — Senate Republicans took aim Thursday at a new federal courts policy trying to curb

Alec Baldwin asks judge to dismiss involuntary manslaughter charge in Rust shooting

Defense attorneys for actor Alec Baldwin urged a New Mexico judge on Thursday to dismiss a grand jur