Consumer Confidence Disappoints, Drops From Trump-Fueled 16-Year Highs As Hope Fades

Having surged to its highest since August 2001 in the afterglow on Trump’s election victory, Conference Board Consumer Confidence slipped for the first time since October.

Interestingly, while ‘present situation’ rose, hope plunged with ‘expectations’ slumping most since Feb 2016.

Notably, fewer survey respondents believed it was a good time to buy a home, car, or major appliance.

This post originally appeared on Zero Hedge

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