US EditionUS consumer confidence slumps in January to a level last seen in 2014
The Consumer Confidence Index fell 9.7 points to 84.5, the lowest since 2014, as job market perceptions weakened and inflation worries rose, signaling recession risks.
- The Conference Board said Tuesday its Consumer Confidence Index fell 9.7 points to 84.5 in January, the lowest level since 2014.
- Respondents cited rising gas and grocery prices and increased mentions of tariffs, trade and politics, while the survey cutoff Jan. 16 reflected growing labour market concerns.
- The Present Situation Index fell 9.9 points to 113.7 while the labour market differential dropped to 3.1, with consumers saying jobs were 'plentiful' at 23.9% and 'hard to get' at 20.8%.
- Consumers scaled back plans for big-ticket purchases and homebuying, reducing near-term demand while economists said they did not expect the Federal Reserve to change policy Wednesday.
- With the Expectations Index at 65.1, economists including Oliver Allen warned the slump may flag slower spending, though consumers under 35 and Gen Z stayed relatively optimistic.
115 Articles
115 Articles
Hawaii Tribune-Herald
GV WireUS consumer confidence dives to a more than 11-1/2-year low
WASHINGTON — U.S. consumer confidence slumped to the lowest level in more than 11-1/2 years in January amid mounting anxiety over a sluggish labor market and high prices, which could see households becoming more cautious about spending. The surprise deterioration in confidence reported by the Conference Board on Tuesday was across political party affiliation, with survey respondents identifying as Independents the most pessimistic. It could add …
Nevada Current
Missoula CurrentConsumer confidence dives to lowest point in 12 years
(Getty Images)Monthly consumer confidence in January has sunk to its lowest point since 2014, The Conference Board announced Tuesday. “Consumers’ write-in responses on factors affecting the economy continued to skew towards pessimism,” said Dana Peterson, the chief economist for The Conference Board, a global nonprofit whose monthly consumer survey of thousands of consumers is widely watched by economists, executives, and policymakers. “Referenc…
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
