{"id":1454113,"date":"2024-01-30T15:13:31","date_gmt":"2024-01-30T20:13:31","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1454113"},"modified":"2024-01-30T15:13:31","modified_gmt":"2024-01-30T20:13:31","slug":"conference-board-confidence-revised-lower-for-3rd-straight-month-present-situation-at-pre-covid-lockdown-highs","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/conference-board-confidence-revised-lower-for-3rd-straight-month-present-situation-at-pre-covid-lockdown-highs\/1454113\/","title":{"rendered":"Conference Board Confidence ‘Revised’ Lower For 3rd Straight Month, Present Situation At Pre-COVID-Lockdown Highs"},"content":{"rendered":"

Conference Board Confidence ‘Revised’ Lower For 3rd Straight Month, Present Situation At Pre-COVID-Lockdown Highs<\/span><\/p>\n

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US consumer confidence soared higher again in January according to the Conference Board, with the headline up from 108.0 (revised down) to 114.8 (above the 114.5 exp). This was driven a huge surge in ‘present situation’ (from 147.2 (revised down) to 161.3). That is the highest present situation index since the start of COVID lockdowns…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

But, for the third straight month, The Conference Board revised its consumer confidence data significantly lower.<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Which brings up the same question we had last month?<\/p>\n

How do you revise consumer confidence down? Do you ask them again and they tell you, “You know what, I wasn’t feeling it as much as I thought I was”<\/p>\n

\u2014 Zebra Cat (@ZebraCat20) November 28, 2023<\/a><\/p>\n

The labor market indicators trended notably stronger in January…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

The Conference Board’s indicator inflation expectations tumbled further to +5.2% – still notably high but trend in the right direction…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

And so we ask again – Is Bidenomics all simply driven by ‘seasonal adjustments’ and historical revisions?<\/strong><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 01\/30\/2024 – 10:13<\/span><\/p>\n

\u200bRead More<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Conference Board Confidence ‘Revised’ Lower For 3rd Straight Month, Present Situation At Pre-COVID-Lockdown Highs US consumer confidence soared higher again in January according to the…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1454113","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1454113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1454113"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1454113\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1454113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1454113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1454113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}