Markets

As Inflation Rises, Consumer Confidence Drops

If full showrooms and empty lots are any indication of consumer confidence, we must beg to differ.
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As Inflation Rises, Consumer Confidence Drops

The Organization for Economic Co-operation and Development (OECD) gathers international data and provides it to lawmakers and citizens alike. The Consumer Confidence Index is one of the tools OECD uses to determine how consumers feel about the future and thus how they are spending or saving today. Inflation and other contributing factors have measurable confidence in the decline. 

Nuts and bolts. Consumer confidence is down 30% year over year and dropped a few points from last month. People expect every metric to continue in a downward trend except unemployment. As policymakers try to combat inflation, people are more likely to hold their money until they get more for it.

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