The Economy & the Fed

Consumer Confidence (Conference Board)

The Conference Board's monthly index of how households see business conditions and the job market, now and six months ahead, set so that 1985 = 100. It splits into a present situation index and an expectations index; the Conference Board reads expectations below 80 as a warning of recession ahead. It leans more on jobs than the University of Michigan's consumer sentiment survey, which leans on finances and prices, so the two can disagree when inflation is high but jobs are plentiful.

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