The preliminary Consumer Confidence Index studying exhibits that consumer confidence fell sharply to 98.3 in February, decrease than the anticipated 102 and the prior studying of 104.1. The Convention Board senior US Economist Yelena Shulyatyeva joins Catalysts co-hosts Madison Mills and Seana Smith to debate the components driving this decline.
Shulyatyeva acknowledges this was a “sharp drop,” with client confidence now on the lowest stage of the vary at which it has hovered for the previous few years. Nonetheless, she notes this quantity remains to be inside a variety that indicators “wholesome client spending.”
Since this survey displays labor market circumstances, the sharp decline reveals that “customers should not seeing nice prospects within the labor market, and that’s one thing to observe within the months forward.”
Shulyatyeva provides, “If that continues to deteriorate, that is an enormous deal.”
She additionally highlights that customers stay involved about inflation, particularly amid uncertainty round tariffs. With inflation remaining sticky and tariffs probably proving inflationary, she notes this mix presents “an enormous concern for the buyer.”
To observe extra knowledgeable insights and evaluation on the most recent market motion, take a look at extra Catalysts here.
This put up was written by Angel Smith
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