Inflation Gauge Hits Multiyear High as American Consumer Confidence Slides

America In Focus: Inflation gauge hits multiyear high as American ...

Inflation gauge hits multiyear high as American consumer confidence slides

(AP) - The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here’s a snapshot of [...]

Consumer confidence slips as inflation bites

Americans are becoming more cautious with their spending as inflation and elevated fuel prices continue to pressure household budgets, even while U.S. stock markets remain near record highs. New survey data released May 26 showed consumer confidence edged lower after three consecutive monthly gains, highlighting growing concerns about rising living costs across much of the country. According to The Conference Board, its consumer confidence index…