Reported 1 day ago
U.S. consumer confidence has seen its most significant drop in 3.5 years, reaching an eight-month low due to concerns over President Trump's policies and rising inflation expectations. A Conference Board survey indicated widespread pessimism regarding economic outlook, particularly in light of recent tariffs and mass layoffs of federal workers, posing risks to consumer spending. The consumer confidence index fell to 98.3, marking a decline across all demographics, as fears of potential recessions loom over the economy.
Source: YAHOO