Consumer Confidence drop not as bad as feared, present situation improves

Wells Fargo Research Team Wells Fargo

Summary

Consumer confidence fell for the first time in four months in January, though the decline was smaller than expected. Consumers are souring on their outlook for the economy and their own paychecks even as they admit that business conditions have improved. When asked about the present situation, however, consumers are as upbeat as they have been since August.

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Wells Fargo Research Team

Wells Fargo

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