US Consumer Confidence Dives to 2014 Low in January
TL;DR Summary
The Conference Board reported January’s U.S. consumer confidence fell 9.7 points to 84.5, the lowest since 2014, with the Present Situation Index at 113.7 and the Expectations Index at 65.1. The drop suggests a bleaker short-term outlook as concerns about inflation, the labor market, and future income rose, and overall plans for big-ticket purchases weakened, though spending on travel-related services showed some uptick.
Topics:business#conference-board#consumer-confidence#economic-outlook#economy#recession-risk#us-economy
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