Consumer confidence wanes on dimming view of jobs, incomes, business
Most consumers expect higher inflation and anticipate that interest rates will rise in the next 12 months, The Conference Board said.
Most consumers expect higher inflation and anticipate that interest rates will rise in the next 12 months, The Conference Board said.
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Why it matters
The Conference Board's report on waning consumer confidence and expectations of higher inflation and rising interest rates is a key monetary-policy signal that could influence Fed rate outlook and credit-market conditions, directly relevant to sophisticated credit professionals.
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Consumer confidence wanes on dimming view of jobs, incomes, business
Most consumers expect higher inflation and anticipate that interest rates will rise in the next 12 months, The Conference Board said.