🚨 CONSUMER CONFIDENCE BEAT, BUT THE DETAILS LOOK WEAK


Conference Board Consumer Confidence came in at 93.1, above the 92.0 expected. But the internals tell a different story:
Expectations remain at recession-warning levels, two-thirds of Americans are cutting back on spending, and views of “good” business conditions fell to 18.5% from 22.3%. The headline beat expectations, but the consumer is still flashing signs of a slowdown. #crypto
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