The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the May 2022 Survey of Consumer Expectations, which shows that inflation expectations increased at the one-year horizon and remained stable at the three-year horizon. Household spending expectations over the next year rose sharply to a new series […] Read more »
Consumer Confidence Declined Slightly in May
The Conference Board Consumer Confidence Index® decreased slightly in May, following a small increase in April. The Index now stands at 106.4 (1985=100), down from 108.6 in April (after an upward revision). … “Consumer confidence dipped slightly in May, after rising modestly in April,” said Lynn Franco, Senior Director of […] Read more »
The ‘Big Lie’ wasn’t all that Georgia Republicans rejected last week
Georgia Republicans last week rejected two malignant trends within their party — one less conspicuous, but no less important, than the other. Best-known is the “Big Lie” about the 2020 election. By renominating Gov. Brian Kemp and Secretary of State Brad Raffensperger, the Peach State GOP rejected former President Donald […] Read more »
Americans feel uneasy as economic concerns grow
America’s mood is uneasy and worried. Amid continued inflation and stock market declines, large majorities describe their mood as such, and the percentage who call the economy bad has hit highs for the Biden presidency. The number who say things in the country are going badly overall is at the […] Read more »
Consumer Confidence Ticked Down Slightly in April
The Conference Board Consumer Confidence Index® decreased slightly in April, after an increase in March. The Index now stands at 107.3 (1985=100), down from 107.6 in March. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—fell to 152.6 from 153.8 last month. However, the Expectations […] Read more »
Economic Pessimism Loosens Grip, Despite High Inflation
Americans’ dour economic mood in the face of the high inflation rate may be beginning to thaw, the April IBD/TIPP Poll finds. The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, jumped 4.5 points to 45.5, bouncing from March’s eight-year low to the highest level of 2022. […] Read more »