Consumers See Recession Around Corner: Conference Board

The video discusses the weakening economic data and its impact on consumer confidence. It highlights the pressures from rising prices and interest rates, making it difficult for consumers to finance purchases. The expectation levels indicate a potential recession, with forecasts predicting a brief recession in the near future. Despite these challenges, current consumer conditions remain stable due to wage increases and savings, although the expectations gauge remains a concern.

What are some of the factors contributing to the decline in consumer confidence?

• Lower food prices

• Rising interest rates

• Stable housing costs

• Decreasing energy prices

What does a reading below 80 on the expectations gauge indicate?

• Stable economy

• A potential recession

• Economic growth

• High consumer confidence

When does the Conference Board expect the recession to start?

• First quarter of next year

• Fourth quarter of this year

• Second quarter of this year

• Third quarter of next year

Why hasn't consumer confidence dropped as quickly as expected?

• Healthy present situation numbers

• High unemployment rates

• Lack of savings

• Decreasing wages

What is helping consumers to cope with inflation according to the third section?

• Lower interest rates

• Reduced energy costs

• Decreasing rent prices

• Wage increases and savings