Conference Board Says Americans' Confidence Dipped In November, Inflation Expectations Jumped

Conference Board Says Americans’ Confidence Dipped In November, Inflation Expectations Jumped

The headline consumer confidence signal from The Conference Board was expected to worsen for the second month in a row in November and it did, sliding from 102.5 to 100.2 (weakest since July). While Expectations dropped from 77.9 to 75.4, sentiment towards the Present Situation dropped to 137.4 – its lowest since April 2021.

Source: Bloomberg

The labor market ‘tightened’ very modestly in November, after dropping to its ‘weakest’ since May 2021, based on the differential between “jobs plentiful” and “jobs hard to get”…

Source: Bloomberg

The Conference Board data remains notably decoupled from UMich sentiment data…

Source: Bloomberg

Finally, we note that Inflation expectations rose to 7.2%, its second monthly increase…

Source: Bloomberg

Not a good sign for Mr.Powell.

Tyler Durden
Tue, 11/29/2022 – 10:07

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