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US Consumer Confidence at 2014 Low
U.S. Consumer Confidence Drops to Lowest Level Since 2014 Amid Rising Prices and Stagnant Wages The Conference Board reported that the U.S. Consumer Confidence Index significantly declined in September to 81.9 points, marking its lowest level since 2014. This decline is attributed to rising costs of fuel, goods, and services, along with ongoing inflation and stagnant wages. The survey indicated a deterioration in Americans' perceptions of their financial situation and their future outlook, amid inflation reaching 3.4% last month and the Federal Reserve raising interest rates to 3.9%. This reflects a decline in economic confidence amidst continued financial challenges and rising living costs.
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