US Consumer Confidence Index fell in March for a fourth straight month. The latest decline marks a drop below “the relatively narrow range that had prevailed since 2022,” said Stephanie Guichard, a senior economist at The Conference Board. “Of the Index’s five components, only consumers’ assessment of present labor market conditions improved, albeit slightly. Views of current business conditions weakened to close to neutral. Consumers’ expectations were especially gloomy, with pessimism about future business conditions deepening and confidence about future employment prospects falling to a 12-year low.”
