American consumers are feeling less confident as concerns about jobs take center stage
American consumers are feeling less confident this month and concerns about jobs rose significantly
By MATT OTT
Published - Sep 24, 2024, 12:58 PM ET
Last Updated - Dec 16, 2024, 06:57 PM EST
WASHINGTON (AP) — American consumers are feeling less confident this month as concerns about jobs rose significantly.
The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month-to-month decline since August of 2021.
The survey was conducted before the Federal Reserve announced a bigger-than-expected half-point interest rate cut last week.
The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.
