Unfazed: Confidence Edges Higher Despite Banking Situation

Source: Economics Group of Wells Fargo Bank, N.A.Summary Consumers may not love the present conditions, but a slightly more upbeat take on where things are headed was enough to give overall confidence a nudge in the right direction in March. The banking crisis is not high on the list of consumer worries at present. Stiff Upper Lip In March 2023, the month that the financial system reeled amid bank failures and worries about the financial system, consumer confidence actually rose modestly to 104.2 (chart). This measure from the Conference Board affirms a similar devil-may-care attitude about bank sector worries previously reported in the University of Michigan’s gauge of consumer sentiment. READ FULL ARTICLE>>