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
via ZeroHedge News https://ift.tt/cVhkOPb Tyler Durden