Posted 3/26/2024, 2:17:06 PM
Consumer Confidence Holds Up Despite Rising Prices and Election Uncertainty
- U.S. consumer confidence held steady in March despite higher prices and less optimism about the near future
- Index measuring short-term expectations for income, business, and jobs fell to 73.8, signaling potential recession
- Consumers' view of current conditions improved to 151.0
- Concerns increased over food/gas prices and U.S. political environment with election nearing
- Job market continues to be strong with 275,000 jobs added in February, but consumers seem more cautious spending money
