US CB Consumer Confidence edges higher to 91.8 in March
Source Fxstreet
The consumer sentiment in the United States (US) improved slightly in March, with the Conference Board's Consumer Confidence Index edging higher to 91.8 from 91 in February (revised from 91.2).
"The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—declined by 1.7 points to 70.9," the Conference Board noted in its press release and added:
"While not obvious in the headline or its component indexes, the weight of rising costs due to tariff passthrough and spiking oil prices was evident among other measures in the survey like inflation expectations."
Market reaction
The US Dollar Index remains in the lower half of its daily range and was last seen losing 0.4% at 100.08.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin is showing a monthly momentum signal that has appeared near several major cycle lows, which raises the possibility that the current correction is entering its final stage. The setup is
As Dogecoin (DOGE)’s price attempts to hold a crucial support level, an analyst flagged potentially bullish technical setups that could set the stage for a major move in the coming months. Related
OpenAI is committing $250 million to help workers cope with AI-driven job displacementThe OpenAI Foundation unveiled on Wednesday plans to invest $250 million into grants, collaboration initiatives, and other efforts aimed at helping people cope with AI-related job displacements. This is the first-ever OpenAI spending initiative targeting the issue of automation-related labor displacement. Three main priorities guide the allocation of the funds as per the foundation’s statements;...
The OpenAI Foundation unveiled on Wednesday plans to invest $250 million into grants, collaboration initiatives, and other efforts aimed at helping people cope with AI-related job displacements. This is the first-ever OpenAI spending initiative targeting the issue of automation-related labor displacement. Three main priorities guide the allocation of the funds as per the foundation’s statements;...
Iranian state television outlined a draft US-Iran framework on Wednesday. It would lift the US naval blockade and reopen the Strait of Hormuz to pre-war commercial traffic within a month.WTI crude sli
Gold (XAU) is sliding toward the $4,376 support zone as bearish momentum accelerates. The metal broke down from a parallel triangle on May 15 and trades near $4,410 after a 2% daily drop.Both daily an
