Consumer confidence data from The Conference Board:
- Lowest since Nov 2015
- Prior was 94.2
- Present situation 112.9 vs 117.1 prior
- Expectations 79.0 vs 79.7 prior
- Jobs hard-to-get 24.4 vs 22.8 prior
- 1-year inflation expectations 4.9% vs 4.8% prior
Soft number and it flies directly in the face of the strong preliminary estimate in the U Mich survey. The inflation expectations numbers in the two surveys also moved in opposite directions.
