Published 2 years ago

U.S. stocks end lower, Dow falls almost 500 points as consumer confidence slumps

Summary by Ground News

The Conference Board said Tuesday that its consumer confidence index slipped to 98.7 in June from 103.2 in May. Inflation has soared over the past year at its fastest pace in more than 40 years. The Federal Reserve raised its main borrowing rate by a half point in early May in its effort to tamp down rising inflation.

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Associated Press News

US consumer confidence slumps to lowest level in 16 months

WASHINGTON (AP) — U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they've been about the future in almost a decade.

2 years ago·United States

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abc News

US consumer confidence slumps to lowest level in 16 months

U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade

2 years ago·United States

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Washington Times

U.S. consumer confidence slumps to lowest level in 16 months

U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade.

2 years ago·United States

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The Epoch Times

US Consumer Confidence Slumps to Lowest Level in 16 Months

WASHINGTON—U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates ...

2 years ago·New York, United States

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Star Advertiser

U.S. consumer confidence slumps to the lowest level in 16 months

WASHINGTON >> U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade.

2 years ago·Honolulu, United States

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WPLG

US consumer confidence slumps to lowest level in 16 months

U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they've been about the future in almost a decade.The Conference Board said Tuesday that its consumer confidence index slipped to 98.7 in June from 103.2 in May, the second straight monthly decline and the lowest level since February 2021.The business research group’s expectations index, based on con…

2 years ago·Miami, United States

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