By MATT OTT, Associated Press Business Writer
WASHINGTON (AP) — Consumers were less confident in the economy in December as Americans grow anxious about high prices and the impact of President Donald Trump’s sweeping tariffs.
Related Articles
Is ‘soft saving’ smart — or shortsighted? US economy expands at a surprisingly strong 4.3% annual rate in the third quarter A look at the experts racing to decode Trump’s tariff rules Wall Street at a standstill in holiday lull ahead of new US economic data Cloudy future for bourbon has Jim Beam closing Kentucky distillery for a yearThe Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December from November’s upwardly revised reading of 92.9. That is close to 85.7 reading in April, when Trump rolled out his import taxes on U.S. trading partners.
A measure of Americans’ short-term expectations for their income, business conditions and the job market remained stable at 70.7, but still well below 80, the marker that can signal a recession ahead. It was the 11th consecutive month that reading has come in under 80.
Consumers’ assessments of their current economic situation tumbled 9.5 points to 116.8.
Write-in responses to the survey showed that prices and inflation remained consumers’ biggest concern, along with tariffs.
Hence then, the article about consumer confidence slides in december to lowest level since us tariffs rolled out in april was published today ( ) and is available on Los Angeles Daily News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Consumer confidence slides in December to lowest level since US tariffs rolled out in April )
Also on site :
- I Thought My Daughter Was a Good Kid, but a Certain Habit of Hers Disturbs Me
- After-school program employee in the San Fernando Valley accused in AI child porn case involving at least 2 minors
- Ukrainian investigative journalist ‘kidnapped’ by draft officers