#ConsumerConfidence falls to lowest in 7 months as concerns grow about the #economy
America’s economic mood is souring as worries about the #labor market mount.
The Conference Board’s latest survey of American consumers, released Tuesday, showed that consumer confidence declined sharply this month to a reading of 88.7, the lowest level since April, when #Trump unveiled sweeping #tariffs.
#inflation #affordability #CostOfLiving #recession #trumpcession
cnn.com/business/live-news/us-…
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Nonilex
in reply to Nonilex • • •“Consumers’ write-in responses pertaining to factors affecting the #economy continued to be led by references to #prices & #inflation, #tariffs & #trade, & #politics, with increased mentions of the federal government shutdown,” Dana Peterson, the Conference Board’s chief economist, said in a release. The government shutdown ended earlier this month, so #ConsumerConfidence *could* rebound in December.
#Trump #CCI #affordability #CostOfLiving #recession #trumpcession
Nonilex
in reply to Nonilex • • •The survey also showed growing pessimism among respondents about #job availability & #income prospects in the next 6 months.
“Mid-2026 expectations for #labor market conditions remained decidedly negative, & expectations for increased household incomes shrunk dramatically, after 6 months of strongly positive readings,” Peterson said.
#Trump #economy #inflation #tariffs #CCI #affordability #CostOfLiving #recession #trumpcession
Nonilex
in reply to Nonilex • • •There have been high-profile announcements of #layoffs in recent weeks, but that doesn’t immediately translate into higher #unemployment, which was at a low 4.4% rate in Sept, acc/to the latest Labor Department “data”.
#Trump #economy #inflation #tariffs #CCI #affordability #CostOfLiving #recession #trumpcession
LOR
in reply to Nonilex • • •