Skip to content
Sign In Subscribe
Economy

US Consumer Confidence Falls To Lowest Level Since 2014

The Present Situation Index declined 7.9 points to 109.3, while the Expectations Index fell 5.9 points to 63.6, marking its third consecutive monthly decline.

,   and  TIPP Staff
2 min read
Consumer sentiment fell to its lowest level since 2014 in September. Pic via(@business)

Americans’ confidence in the economy fell sharply in September, with The Conference Board’s Consumer Confidence Index dropping 6.7 points to 81.9, its lowest level in more than 12 years.

The Present Situation Index declined 7.9 points to 109.3, while the Expectations Index fell 5.9 points to 63.6, marking its third consecutive monthly decline. Consumers cited higher prices for goods and services and rising oil costs among their concerns.

💡
Inflation expectations also increased, with 68.4% of consumers anticipating higher interest rates over the next year. Views of family finances turned negative for the second time in four years.

Concerns about a potential recession also intensified, with 25.4% of consumers expecting business conditions to worsen.

The survey reflects growing uncertainty about household finances, prices, interest rates and economic conditions amid continuing geopolitical tensions and recent Federal Reserve policy changes.

Related Tweet:

Also Read:

Americans Grow More Worried About Prices And The Job Market
The Consumer Confidence Index dropped 6.7 points to 81.9, significantly below the 89 forecast by economists surveyed by Dow Jones
tippinsightsTIPP Staff

Comments

Related

The Blue-State Hurricane
Politics

The Blue-State Hurricane

Long after the current spell of bad weather, blue states across the country will continue to suffer the hurricane-like damage of their own fiscal mistakes.

,   and  TIPP Staff
Members Public
The Trap Of Class Consciousness
Economy

The Trap Of Class Consciousness

This is neither simply an isolated phenomenon nor a fortuitous one. This way of interpreting ideas has a long and deeply rooted intellectual tradition, one of whose fundamental antecedents can be traced back to Marx.

,   and  TIPP Staff
Members Public

Latest

Force The CIA To Disclose Its Chile Records
CIA

Force The CIA To Disclose Its Chile Records

The disclosure issue is more relevant than ever, given that September 21 was the 50th anniversary of the assassination of Orlando Letelier and his assistant Ronni Moffitt on the streets of Washington, D.C.

,   and  TIPP Staff
Members Public