Conference Board: “US Consumer Confidence Tumbled Again In March”

Conference Board confidence index at 92.9 vs. 94.2 consensus. Here’s confidence vs. U.Mich sentiment (all standardized).

Figure 1: U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (blue), Gallup Confidence (green), all demeaned and divided by standard deviation 2021M01-2025m02. Source: UMichigan, Gallup, Conference Board, and author’s calculations.

Here’s the expectations vs. current situation picture:

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