Steve Moore: Consumer Confidence in Economy Weak as Ever.

Consumer confidence is as weak as ever despite impressive gains in the stock market at the end of last week, according to former Trump economist Steve Moore on Sunday.

Speaking on “The Cats Roundtable” radio show on WABC 770 AM hosted by John Catsimatidis, Moore said, “It’s a strange universe we’re living in right now, because the investor confidence is as strong as ever, but consumer confidence is as weak as ever.”

Steve Moore: Consumer Confidence in Economy Weak as Ever.

He explained that “you have this kind of strange euphoria on Wall Street at the same time you have workers really worried about what’s happening to their paycheck and what’s happening to the ability to pay the bills.”

Moore said there are reports that inflation was almost 6 percent in September, but that wage gains were only 4 percent, which means that workers are actually losing purchasing power.

Steve Moore: Consumer Confidence in Economy Weak as Ever.