US Conference Board Consumer Confidence dropped to 120.2 in January, down from 128.1 and missed expectation of 125.0.
Conference board noted in the release that “Shock events such as government shutdowns (i.e. 2013) tend to have sharp, but temporary, impacts on consumer confidence. Thus, it appears that this month’s decline is more the result of a temporary shock than a precursor to a significant slowdown in the coming months.”
