✉news BusinessFinance first seen 9 h ago, last 2 h ago, peak #14
Consumer confidence sinks to lowest level since 2014
Original: Consumer confidence plunges to lowest level since 2014: Conference Board
The Conference Board's consumer confidence index has fallen to its lowest level since 2014, according to the latest reading reported by Yahoo Finance. The plunge signals that American households are growing markedly more pessimistic about the economy, their finances and the jobs outlook. Economists watch the gauge closely because weakening confidence often points to softer consumer spending, the main driver of US growth, and can shape expectations for interest rate policy.
Why now: The sharp drop in a closely watched economic indicator is fueling concern about the health of the US economy and future spending.
Conference BoardYahoo FinanceUnited States
Rank over time, top of the chart is #1. 6 snapshots from 9 h ago to 2 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/391322