Here comes consumer confidence ...
Economists forecast that the consumer sentiment index slipped to 96.5 from 96.9 in March, according to Bloomberg.
Consumer confidence received a jolt after the November election, although the details of the UMich survey has consistently shown a wide partisan divide. While Republicans have suddenly turned bullish on the economy because of expectations from the new administration, democrats are fearful of a recession.
Longer-term, the survey respondents remained optimistic about their income and job prospects, and they expect inflation to remain low.
The consumer confidence index from the Conference Board jumped to a 16-year high in March.