WASHINGTON (AP) — U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elevated. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 97 in April from 103.1 in March. The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The index measuring Americans’ short-term expectations for income, business and the job market tumbled to 66.4 from 74 last month. That’s the lowest reading since July of 2022. A reading under 80 can signal a potential recession in the near future. Consumers’ view of current conditions retreated to 142.9 from 146.8 in March. Responses to the Conference Board’s survey showed that Americans remain concerned about high prices, particularly for food and gas. |
Dozens of Palestinians killed, injured in Israeli attack in Gaza CityBig Brother 'forced to DEMOLISH iconic house due to drunken chaos and failed James Bond twist'RMB retains 4th spot as currency for global payments: SWIFTDigital Silk Road development enables connectivity, prosperityJake Gyllenhaal's Apple TV+ miniseries Presumed Innocent tops highBrayan Bello allows 1 hit in 6 innings as Red Sox breeze past Pirates 8How major US stock indexes fared Friday, 4/19/2024Saudi Arabia extends voluntary cut of oil productionFeature: China's rural poor find new horizons in infrastructure developmentPride beat Wave 1