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Question: Expectations and consumer confidence are important in determining fluctuations in aggregate spending. You can find the data, with interpretation, at the Conference Board athttp://www.conference-board.org/data/consumerconfidence.cfm.

What is the present status of consumer confidence as measured by the Conference Board's index?

How will this effect Aggregate Spending? Be detailed in your discussion. Respond to at least one other post.

Answer: The current status of the confidence interval index is at 109.7 from a revised 90.4 in February. The group's gauge of expectations index increased from 90.9 in february to 109.6, the highest since july 2019. The implications on the aggregate demand are related to consumers' rating of current business and labor market conditions. "Consumers' assessment of current conditions and their short-term outlook improved significantly, an indication that economic growth is likely to strengthen further in the coming months," Lynn Franco, senior director of economic indicators at the Conference Board, said in a statement. "Consumers' renewed optimism boosted their purchasing intentions for homes, autos and several big-ticket items."

Consumers are more upbeat about the labor market as a greater share of respondents said jobs were "currently plentiful," and the fewest in a year said positions were hard to get. They were also more upbeat about prospects for employment, with 36.1% expecting greater job availability in the next six months. The government's March 2021 jobs report on Friday, 2 2021 is forecast to show the biggest increase in payrolls since October 2020.

Yes, the current situation for sure will affect the aggregate spending as following. The current conditions gauge rose to 93, above a preliminary of 91.5 and up from February's 86.2. Inflation expectations for the year ahead decreased to 3.1% from 3.3% in the previous month, matching initial figures; "The data clearly point toward robust increases in consumer spending." - Consumer spending is one of the components to the aggregate expenditure equation, it is affected directly to it.