US Consumer Confidence Holds Steady While Outlook Deteriorates
- Conference Board gauge of expectations worsened in March
- Inflation concerns ease as consumers turn focus to election
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US consumer confidence held steady in March as Americans were sanguine about their current situations but grew slightly more pessimistic about the outlook.
The Conference Board’s gauge of sentiment ticked down to 104.7 from a downwardly revised 104.8 a month earlier, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 107.