U.S. consumer confidence unexpectedly increased in March despite recent financial market turmoil sparked the collapse of two regional banks, but Americans continued to expect inflation to remain elevated over the next year.
The consumer confidence survey from the Conference Board on Tuesday also showed more consumers planned to buy motor vehicles and household appliances like refrigerators, washing machines, vacuum cleaners and television sets over the next six months.
Source : US consumer confidence on the rise as house price inflation eases