Business & Economy
Consumer optimism slides to lowest since 2014 as fears escalate over rising prices and jobs
Consumer sentiment fell to its lowest level since 2014 in September as an inflation-weary public took a dimmer view on the labor market and the impact higher prices would have on their finances, the Conference Board reported Tuesday.
AI Summary
Consumer sentiment dropped to its lowest level since 2014 in September, with the Conference Board’s Consumer Confidence Index falling to 81.9, a 6.7‑point decline. The decline reflects growing public concern over rising prices and a weaker labor market. The reading fell well short of the Dow Jones consensus forecast of 89.
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