US Consumer Confidence Index fell in January, but “has been moving sideways in a relatively stable, narrow range since 2022. January was no exception,” writes the chief economist at The Conference Board. “All five components of the Index deteriorated but consumers’ assessments of the present situation experienced the largest decline. Notably, views of current labor market conditions fell for the first time since September, while assessments of business conditions weakened for the second month in a row.”
