US consumer confidence just took a nosedive 📉
Conference Board index dropped 6.7 points to 81.9 (expected 89)
Americans are spooked:
• Rising prices hitting hard
• Household finances under pressure
• Job market showing cracks
Inflation expectations jumped to 6.1%
Job availability outlook getting worse
Weak consumer = weak spending = recession vibes
This is the macro backdrop for risk assets. If consumers are tightening up, liquidity dries up fast. Watch how this plays into Fed policy and crypto liquidity cycles.
Conference Board index dropped 6.7 points to 81.9 (expected 89)
Americans are spooked:
• Rising prices hitting hard
• Household finances under pressure
• Job market showing cracks
Inflation expectations jumped to 6.1%
Job availability outlook getting worse
Weak consumer = weak spending = recession vibes
This is the macro backdrop for risk assets. If consumers are tightening up, liquidity dries up fast. Watch how this plays into Fed policy and crypto liquidity cycles.
