"Consumer Confidence Wavers Amid Economic and Political Concerns"

Consumer confidence in the future of the economy has worsened due to concerns over the U.S. political environment, despite little change in their views of the current economy. The Consumer Confidence Index dipped slightly in March, with those in the $50,000 to $99,999 income range and those under 55 expressing a drop in confidence. Economists and policymakers are closely monitoring consumer surveys for indications about economic performance, as consumers make up about 70% of overall economic activity. Meanwhile, the Federal Reserve is trying to balance lowering interest rates with the unexpected strength of the economy, as it increased its estimate for economic growth this year.