US Consumer Confidence Edges Up, Despite Gas Prices
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. consumer confidence slightly rose in March, despite soaring gas prices due to the Iran conflict, reaching 91.8. However, job and income expectations plummeted, and employers cut 92,000 jobs in February, raising unemployment to 4.4%. Inflation remains high at 2.8%, and the economy slowed to 1.4% in Q4. Consumers are considering used car purchases but home plans declined, and stock market outlook is gloomy. The economy faces challenges amid oil turmoil and job uncertainties.
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