00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. consumer confidence rose 0.8 points to 91.8 in March, above expectations of 88.0,
00:09while households remained concerned about the labor market and rising inflation,
00:14according to Reuters. Data showed fewer job openings and hiring at a six-year low,
00:19which economists said reflects uncertainty from Trump's trade and immigration policies that is
00:24weakening labor demand and supply. Inflation expectations increased to 5.2 percent from
00:294.5 percent as gasoline prices topped $4 per gallon and oil prices surged during the Iran war.
00:36Job openings fell by $358,000 to $6.882 million and hiring dropped by $498,000 to $4.849 million,
00:46the lowest since March 2020. The unemployment rate rose to 4.4 percent in February. Consumers
00:53reported fewer plans to buy big-ticket items as cost pressures from tariffs and energy prices
00:58weighed on sentiment and spending outlook. For all things money, visit Benzinga.com.
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