Economics
U.S. Consumer Confidence Rebounds Slightly on Firm Job Market
- Conference Board index increases from February’s 12-month low
- Inflation expectations for the year ahead jump to record 7.9%
A shopper inside a clothing store in the East Village neighborhood of Des Moines, Iowa.
Photographer: Kathryn Gamble/BloombergThis article is for subscribers only.
U.S. consumer confidence edged up in March, suggesting solid job growth offset Americans’ concerns over decades-high inflation that poses a risk to spending and growth.
The Conference Board’s index increased to 107.2 from a downwardly revised 105.7 reading in February, which was the lowest in a year, according to the group’s report Tuesday. The median forecast in a Bloomberg survey of economists called for a reading of 107.