Connect with us

Hi, what are you looking for?

U.S. News

Biden Falsely Claims Consumer Confidence Is Soaring

via CNBC
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

President Biden’s claim that consumer studies show consumer confidence is soaring is false, with experts calling out multiple false claims the President made in his State of the Union address.

“Consumer studies show consumer confidence is soaring,” he said.

While the two major gauges of consumer confidence have climbed from depressed lows last year, they declined in February and one measure is at a level that often signals a looming recession.

Specifically, the Conference Board’s Consumer Confidence Index fell in February to 106.7 from 110.9 in January, with both its present situation and expectations gauges declining, with expectations now below the threshold that indicates recession.

The University of Michigan’s Consumer Sentiment Index also declined in February and remains below its long-term average as well as levels seen under President Trump.

So while confidence is up from pandemic lows, data does not show it is currently soaring as Biden stated.

Read Also:

Bombshell Decision from Michelle Obama on 2024 Run

Former Border Chief Shreds Biden With 4 Simple Words

You May Also Like

Entertainment

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Politics

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Politics

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Media

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Entertainment

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Media

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Media

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...