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In March, consumer confidence saw its fourth month-on-month decline, with people’s assessment of current business and labor market conditions, plus their short-term outlook for income, business and labor market conditions, all dropping.
Crucially, consumers’ optimism about future income, which had held up strongly in recent months, largely vanished, which suggests that worries about the wider economy and labor market have started to spread to people’s assessments of their personal situations.
Yelena Shulyatyeva, Senior Economist,and Stephanie Guichard, Senior Economist of Global Indicators, both of The Conference Board, unpack what’s behind declining consumer sentiment, including survey respondents' write-in responses, and how it could shape consumer spending and US economic growth this year.
(01:49) Detailed Breakdown of Consumer Expectations
(03:24) Impact of Market Volatility
(05:44) Inflation Expectations and Consumer Sentiment
(06:56) Tariffs and Their Influence on Consumer Views
(08:25) Positive Highlights from the Survey
(14:27) Federal Reserve's Potential Actions
(17:53) Key Indicators to Watch Moving Forward
For more from The Conference Board:
C-Suite Perspectives is a series hosted by our President & CEO, Steve Odland. This weekly conversation takes an objective, data-driven look at a range of business topics aimed at executives. Listeners will come away with what The Conference Board does best: Trusted Insights for What’s Ahead®.
C-Suite Perspectives provides unique insights for C-Suite executives on timely topics that matter most to businesses as selected by The Conference Board. If you would like to suggest a guest for the podcast series, please email csuite.perspectives@conference-board.org. Note: As a non-profit organization under 501(c)(3) of the IRS Code, The Conference Board cannot promote or offer marketing opportunities to for-profit entities.
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