USConsumeConfidence

#USConsumeConfidence
US Consumer Confidence: A Barometer for Economic Health
Consumer confidence is a critical indicator of the United States' economic health, often shaping the narrative around economic stability and growth. The US Consumer Confidence hashtag has gained significant traction in recent months, as discussions around inflation, interest rates, and job markets dominate headlines.
The Consumer Confidence Index (CCI), published monthly by the Conference Board, measures how optimistic or pessimistic Americans feel about their financial prospects and the economy. When confidence is high, consumers are more likely to spend, which drives economic growth. Conversely, declining confidence can signal economic slowdown, as cautious households cut back on discretionary spending.
Recent reports show mixed signals. On one hand, a robust labor market has bolstered confidence, with low unemployment rates and wage increases providing financial stability for many. However, persistent inflation and rising interest rates have eroded purchasing power, making consumers wary of large expenditures like homes or cars.
This fluctuation in consumer sentiment reflects broader uncertainties in the economy. Policymakers closely monitor consumer confidence trends to gauge the effectiveness of monetary policies and anticipate economic shifts. For businesses, these insights are invaluable, helping them plan inventory, marketing strategies, and investments.
As discussions under # US Consumer

US consumer confidence dips again to start the year,
according to business group

WASHINGTON (AP) U.S. consumer confidence dipped
for the second consecutive month in January, a business
research group said Tuesday

The Conference Board reported that its consumer confidence index retreated this month to 104.1, from 109.5 in December. That is worse than the economist projections for a reading of 105.8
December's reading was revised up by 4.8 points but still
represented a decline from November

The consumer confidence index measures both Americans’
assessment of current economic conditions & their outlook
for the next six months

Consumers appeared increasingly confident heading into the
end of 2024 & spending during the holiday season was
resolute

In the face of higher borrowing costs, retail sales rose 0.4% in
December & stores generally reported healthy sales during
the winter holiday shopping season

The board said that consumers’ view of current conditions
tumbled 9.7 points to a reading of 134.3 in January, views on
current labor market conditions fell for the first time since
September

The measure of Americans’ short-term expectations for income, business & the job market fell 2.6 points to 83.9

The Conference Board says a reading under 80 can signal a
potential recession in the near future

However, the proportion of consumers expecting a recession
over the next 12 months remained stable at the low end of the
series range

Though the board’s index has declined the past two months,
consumers continue to spend, helping to prop up the U.S
economy since the sharp rebound from the COVID-19 recession in the spring of 2020

In December, the government said that the U.S. economy grew
at a healthy 3.1% annual clip from July through September,
propelled by vigorous consumer spending & an uptick in
exports.GDP growth has topped 2% in eight of the last nine
quarters

All of that spending could be catching up to consumers. The
Federal Reserve Bank of Philadelphia reported last week that
credit card balances & delinquencies

#USConsumeConfidence

📉 U.S. Consumer Confidence Takes a Hit in February!

With a sharp 7-point drop, the confidence index hits 98.3, while expectations plummet below the recession threshold for the first time since June 2024. 😬

Inflation worries continue to rise, now at 6%, and trade concerns are back to 2019 levels. Could this be a sign of tougher times ahead?

#Flicky123Nohawn #USConsumeConfidence #Economy #MarketPullback #Inflation

FOMC on Wednesday. Super important.

Likely to play out the opposite Price action and now.

Forecast & Previous were 4.5%

Anything below 4.5% = Bullish
Above 4.5% = Bearish
> 4.5% = Same range, choppy

$BTC
#MarketPullback
#USConsumeConfidence