Consumer Confidence Falls to Lowest Level Since April

Cheddar News

Consumer confidence sank sharply in November, with the Conference Board’s index dropping to 88.7 as Americans grew more pessimistic about current conditions.

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00:00Consumer confidence sank sharply in November with the conference board's index dropping to 88.7

00:06as Americans grew more pessimistic about current conditions and future prospects.

00:11Expectations for business conditions, labor markets, and household income all weakened

00:16with a key measure showing a steep decline in the share of people who say jobs are plentiful.

00:22The survey results align with other signs of softening sentiment and slowing job growth

00:26as well as growing belief among Federal Reserve officials and traders that further rate cuts may be needed.

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