Americans' View of the Economy Sinks to the Lowest Level Since 2014, Conference Board Survey Says
The reading is the lowest since April 2014, as consumers reported higher gas and goods costs and a weaker short-term outlook.
- The Conference Board reported Tuesday that the Consumer Confidence Index tumbled 6.7 points to 81.9 in September, marking its lowest level since April 2014.
- Americans' confidence deteriorated this month as elevated prices for gasoline, appliances, and services remain unrelenting, according to survey respondents collected September 1-23.
- Recent data shows the consumer price index rose 3.4% last month compared with a year ago, while average hourly wages increased only 3.1%, the weakest since May 2021.
- President Donald Trump and Republicans face potential political risks from consumer frustration, with midterm elections occurring in just over one month.
- The Federal Reserve raised its benchmark rate to about 3.9% two weeks ago to combat inflation, and the central bank signaled another rate hike could occur later this year.
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Clarin
Independent EspañolEconomic confidence in the US falls to 2014 levels, driven by high prices and stagnant wages, affecting public perception.Inflation and rising rates complicate the economic landscape, while the labour market shows signs of recovery.
Americans Are Growing More Pessimistic About Economy
“Americans’ confidence in the economy deteriorated this month as prices remain elevated and wages stagnate amid the ongoing Iran war,” the Associated Press reports. “The Conference Board said Tuesday that its consumer confidence index tumbled 6.7 points to 81.9 in September, down from 88.6 in August.” “Respondents’ views of their present situation fell by 7.9 […]
Americans growing more pessimistic about the economy as prices for gas, other items remain elevated – WTOP News
WASHINGTON (AP) — Americans’ confidence in the economy deteriorated this month as prices remain elevated and wages stagnate amid the ongoing Iran war. The Conference Board said Tuesday that its consumer confidence index tumbled 6.7 points to 81.9 in September, down from 88.6 in August. Respondents’ views of their present situation fell by 7.9 points...
Sun-Sentinel
Americans’ view of the economy sinks to the lowest level since 2014, Conference Board survey says
Americans’ confidence in the economy deteriorated this month as gas prices remain elevated and wages stagnate amid the ongoing Iran war.
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