US consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring, and stubborn inflation, reports the AP . The Conference.
US consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring, and stubborn inflation, reports the AP. The Conference Board said Tuesday that its consumer confidence index dropped to 88.7 in November from an upwardly revised October reading of 95.5, the lowest reading since April, when President Trump announced sweeping tariffs that caused the stock market to plunge. The figures suggest that Americans are increasingly wary of high costs and sluggish job gains, with perceptions of the labor market worsening.
