Consumer confidence edges up in March

The Reuters/University of Michigan consumer confidence index rose to 56.6 this month, from 56.3 in February.
MAR 13, 2009
By  Bloomberg
The Reuters/University of Michigan consumer confidence index rose to 56.6 this month, from 56.3 in February. In addition, the index of consumer expectations rose to 53, from 50.5 last month. Those surveyed also said that they expected a 2.2% inflation rate over the next year, representing an increase over the 1.9% rate projected last month. Meanwhile, the measurement of whether consumers thought that it was a good time to make large purchases dropped to 62.3, from 65.5, the report said. The survey included responses from about 300 households. Reuters is based in New York, and the University of Michigan is located in Ann Arbor.

Latest News

LPL building out alts, banking services to chase wirehouse advisors, new CEO says
LPL building out alts, banking services to chase wirehouse advisors, new CEO says

New chief executive Rich Steinmeier replaced Dan Arnold on October 1.

Franklin Templeton CEO vows to "do what's right" amid record outflows
Franklin Templeton CEO vows to "do what's right" amid record outflows

The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.

For asset managers, easy experience is key to winning advisors' businesses
For asset managers, easy experience is key to winning advisors' businesses

Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.

Why retaining HNW clients ultimately comes down to one basic thing
Why retaining HNW clients ultimately comes down to one basic thing

New survey finds varied levels of loyalty to advisors by generation.

Stocks drop as investors digest Microsoft, Meta earnings
Stocks drop as investors digest Microsoft, Meta earnings

Busy day for results, key data give markets concerns.

SPONSORED Out with the old and in with the new: a 50% private markets portfolio

A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.

SPONSORED Destiny Wealth Partners: RIA Team of the Year shares keys to success

Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.