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Watching confidence
A new set of numbers plus speeches by Fed members will make interesting economic reading.
March 30, 2004: 8:32 AM EST

So, how are you feeling? Confident that the economy is turning the corner and businesses are on the brink of adding a lot more workers? Or worried that the economy is on an arid labor market plateau, where companies grow but hiring does not?

Whether Americans are feeling mostly secure or insecure about jobs is the driving force behind the Conference Board's index of Consumer Confidence, with the March reading out at 10 a.m. ET.

In February the index dropped sharply, but it had risen sharply in January, so the two months together were either seen as a wash, and no big deal, or as a sign that the economy just isn't gathering enough momentum to really push ahead.

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Also on tap are three Federal Reserve speakers -- Atlanta Fed president Jack Guynn, Fed governor Ben Bernanke, and St. Louis Fed president Bill Poole.

Watch Guynn and Poole to see if they are getting more worried about possible inflation pressures. Bernanke speaks on trade and jobs. It will be interesting to get his take on outsourcing, the loss of jobs overseas, and whether this key Fed policy thinker sees this as a long-term problem or a temporary blip in an otherwise strong labor market.  Top of page


Kathleen Hays anchors CNN Money Morning and The FlipSide, airing Monday to Friday on CNNfn. As part of CNN's Business News team, she also contributes to Lou Dobbs Tonight.




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.