Economy
March 30, 2022
Consumer Confidence Rebounds in March
Written by David Schollaert
US consumer confidence bounced back slightly from a one-year low in March on labor market optimism. But confidence could slip as the Federal Reserve raises interest rates to tamp down inflation, The Conference Board reported.
Sentiment about current business and labor market conditions recovered in March after falling in the prior two months. Americans’ outlook for the economy, though, continued to cool. And concerns about inflation grew, the report said.
