Tag: consumer confidence

The Confidence Mirage: Why Consumer Sentiment Isn't Always King

The Confidence Mirage: Why Consumer Sentiment Isn't Always King

We hear about it constantly. Famed for it being a leading indicator of economic prosperity, a weather vane on the roof of our national wallet. But is it really the gold standard, best measure ever, metrics by which all other metrics should be judged? As a journalist who has spent...

Consumer Confidence Plummets to 12-Year Low, Recession Fears Rise

Consumer Confidence Plummets to 12-Year Low, Recession Fears Rise

The Conference Board’s measure of consumer expectations for the future—which is especially important right now—took a 19-point plunge. This sudden decline led to widespread fears of an impending recession. The measure, a critical driver of the Consumer Confidence Index, sunk 9.6 points to an all-time low of 65.2. This is...