✉news BusinessFinance first seen 18 h ago, last 18 h ago, peak #16
Consumer confidence plunged in September, Conference Board says
Original: Consumer confidence plunged in September: Conference Board
The Conference Board reports that US consumer confidence fell sharply in September, according to its monthly index. The drop suggests households are growing more pessimistic about the economy, jobs and their financial outlook. The reading is being covered by financial media as a signal of weakening consumer sentiment heading into the final quarter of the year.
Why now: A sharp drop in a closely watched economic indicator is raising concerns about consumer spending and the economic outlook.
Evidence
- Consumer confidence plunged in September: Conference Board · Yahoo Finance
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