US EditionUS consumer confidence tumbles for the 4th consecutive month to a 12-year low
- U.S. consumer confidence fell by 7.2 points to 92.9 in March, marking the fourth consecutive month of decline according to The Conference Board.
- Experts note that a reading below 80 often signals a potential recession, and the current dip raises worries among economists, as highlighted by The Conference Board.
- The report indicates a rising consumer pessimism regarding future jobs and income, reflecting a lack of trust in the economic outlook.
236 Articles
236 Articles
Consumer Sentiment Reaches Record Lows. The House Republican Plan to Fix It? Gut Health Care, Kill Jobs, and Raise Costs.
Axios: “The economic vibes have taken a decisive turn for the worse” New reporting reveals consumers’ short-term confidence in income, business conditions, and the labor market has dropped to a 12-year low — well below the level that typically indicates an impending recession. The House Republican plan to fix it? Enact the largest cut to Medicaid in history to fund massive tax cuts for their billionaire donors and wealthy corporations. Raise …
American Consumers Feel Moodiest About Their Future in Over a Decade
The economic outlook in America is getting gloomy. New data released Tuesday showed US consumer confidence down for the fourth straight month and Americans’ faith in their financial futures at a 12-year low. And Moody’s, the last of the major credit rating agencies to maintain a triple-A rating for US sovereign debt, said it sees a weakening fiscal situation in the years to come. Consumers and Credit (of the Sovereign Variety) We start with Mood…
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