The U.S. consumer confidence dipped modestly in October, reflecting growing unease about future financial prospects. The Conference Board’s index fell to 94.6 from 95.6 in September, marking a steady decline from last year’s 109.5.
Consumer confidence for October comes in at 94.6.
— Yahoo Finance (@YahooFinance) October 28, 2025
The Conference Board senior US economist Yelena Shulyatyeva joins Yahoo Finance to break down the survey: pic.twitter.com/o6evE9N7EE
Expectations for income, business, and job conditions dropped to 71.5, signaling possible recession risks, while assessments of current conditions improved slightly to 129.3.
Respondents cited inflation and high prices as their top concerns. The Labor Department reported inflation rose 3% year-over-year in September, the highest since January, driven by fuel costs.
US consumer confidence fell in October for a third straight month on dimmer views about the outlook for the economy and labor market. https://t.co/kmkCpEBY6c
— Bloomberg (@business) October 28, 2025
The Federal Reserve is expected to cut interest rates this week amid signs of a cooling labor market and sluggish hiring.
Economists attribute the hiring slump partly to Trump’s tariff and immigration policies, which have made firms cautious.
Major corporations, including Amazon, Target, and Meta, have announced thousands of layoffs in recent weeks, deepening consumer uncertainty.
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TIPP Staff
