The Conference Board’s consumer confidence index — a closely watched metric gauging attitudes about the current and future strength of the economy — measured 107.1 in January, according to data released Tuesday by the business think tank. It was down from an upwardly revised 109 in December and below economists’ expectations. Economists were expecting the index to land at 109 in January, according to estimates on Refinitiv. The present situation index increased to 150.9 this month from 147.
” Consumers’ plans for buying autos and appliances held steady; however, fewer consumers are planning on purchasing a home, he noted. The conference board’s confidence index and the University of Michigan’s twice-a-month consumer sentiment index are two leading gauges of consumers’ attitudes toward the current and future strength of the economy.
' Easing inflation'? We can't get jobs that pay enough to drive to in rural America. Minimum wage should be $12 an hr. now.
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