Confidence Surprises Upside (Slightly)
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The Conference Board’s Confidence Index at 91.8, up from downwardly revised 91.0 in February, beating Bloomberg consensus of 88.
Figure 1: U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (brown), Gallup Confidence (green), all demeaned and divided by standard deviation 2021M01-2025m02. Red dashed line at “Liberation Day” Source: UMichigan, Gallup, Conference Board, and author’s calculations.
The moderate uptick is surprising given the rise in gasoline prices (surv
Figure 1: U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (brown), Gallup Confidence (green), all demeaned and divided by standard deviation 2021M01-2025m02. Red dashed line at “Liberation Day” Source: UMichigan, Gallup, Conference Board, and author’s calculations.
The moderate uptick is surprising given the rise in gasoline prices (surv
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