Shock: Consumer Confidence Unexpectedly Plummets, Worst Decline in Three Years
Consumers are much less happy with current conditions and more pessimistic about what's coming. | Economy
Consumers' Confidence in the Economy Just Dropped the Most in Three Years
The Conference Board Consumer Confidence Index had its steepest monthly decline since August 2021 Tuesday. Here's what is spurring pessimism.
US CB Consumer Confidence Index falls in September to 98.7
Consumer sentiment in the United States (US) deteriorated in September, with The Conference Board's (CB) Consumer Confidence Index falling to 98.7 in September after printing at 105.6 in August.
September consumer confidence falls the most in three years
The Conference Board's Consumer Confidence Index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021.
2-year Treasury yield falls after consumer confidence miss
The 2-year U.S. Treasury yield was lower on Tuesday as market participants parsed a fresh consumer confidence reading.
Consumer Confidence Suffers Biggest Monthly Drop Since 2021—Job Market Hopes Waver Before Election
“The plunge in consumer confidence in September underscores the growing pressure on many households as the labor market weakens,” explained one economist.
Another Key Inflation Report Is Due Friday. Here's What to Expect.
A report Friday is expected to show price increases are nearly back to normal as the post-pandemic burst of inflation fades away.
This Week: Consumer confidence, new U.S. home sales, tracking GDP
The Conference Board issues its monthly index of U.S. consumer confidence Tuesday.
last updated on 24 Sep 17:17