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#USConsumerConfidence In January 2025, US consumer confidence was low, with the University of Michigan's Index of Consumer Sentiment (ICS) at 71.10. This was a decrease from 74.00 in December 2024 and 79.00 in January 2024. Explanation The ICS is a survey-based index that measures consumer sentiment on topics like personal finances and business conditions. The ICS tends to be low during recessions and high during economic expansion. In January 2025, consumers' short-term inflation expectations rose to 3.3%, the highest level since May 2024. In December 2024, the Conference Board Consumer Confidence Index fell to 104.7, which is close to the threshold of 80 that usually signals a recession.
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#USConsumerConfidence In January 2025, US consumer confidence was low, with the University of Michigan's Index of Consumer Sentiment (ICS) at 71.10. This was a decrease from 74.00 in December 2024 and 79.00 in January 2024. Explanation The ICS is a survey-based index that measures consumer sentiment on topics like personal finances and business conditions. The ICS tends to be low during recessions and high during economic expansion. In January 2025, consumers' short-term inflation expectations rose to 3.3%, the highest level since May 2024. In December 2024, the Conference Board Consumer Confidence Index fell to 104.7, which is close to the threshold of 80 that usually signals a recession.
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