The State of the Economy for May 2023
The Conference Board announced that the Consumer Confidence Index® ticked down for the month of May. In this episode of CEO Perspectives, The Conference Board President and CEO Steve Odland and Erik Lundh, Principal Economist at The Conference Board, sit down to discuss what this means for the US economy. Tune in to find out: How do the current outlook and expectations differ, and what does that say about the likelihood and timing of a recession? What effect is inflation having on consumer confidence and who is feeling it the most? What can we expect from the Fed going forward? Is the job market weakening, and if so, how much? How are the debt ceiling discussions affecting consumer confidence?