US EditionConsumer Confidence Dipped Slightly in August
The Conference Board reported a 1.3-point drop in consumer confidence to 97.4, highlighting growing concerns over job market weakness and economic slowdown.
- This month, American consumers showed a modest decline in views of the U.S. economy while anxiety about jobs rose for the eighth straight month, The Conference Board reported.
- Slower hiring and retroactive revisions drove concerns as the U.S. employers' job growth cooled and the unemployment rate rose to 4.2%.
- Examining components reveals lower short-term expectations and present economic assessments, yet corporate earnings and consumer spending remain resilient this year.
- Rising recession expectations over the next year reached their highest since April, reflecting downside worries, while Federal Reserve Chair Jerome Powell said the Fed faces a challenging situation.
- A broader look shows the U.S. labor market has largely avoided widespread job losses despite consumer confidence dipping and inflation steady at 2.7%.
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Consumer confidence fell in August as worries over job market, tariffs grew
Americans’ view of the U.S. economy declined modestly in August as anxiety over a weakening job market grew for the eighth straight month. The Conference Board said Tuesday that its consumer confidence index ticked down by 1.3 points to 97.4 in August, down from July’s 98.7, but in the same narrow range of the past three months. The small decline in confidence was in line with the forecasts of most of the economists who were surveyed. A measure …
Associated Press News+43 Reposted by 43 other sources
August consumer confidence dips in US with jobs, tariffs and high prices driving most unease
Americans’ view of the U.S. economy declined modestly in August as anxiety over a weakening job market grew for the eighth straight month.
·United States
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Total News Sources58
Leaning Left16Leaning Right2Center24Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 38%
C 57%
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