Nonilex

#ConsumerConfidence falls to lowest in 7 months as concerns grow about the #economy

America’s economic mood is souring as worries about the #labor market mount.

The Conference Board’s latest survey of American consumers, released Tuesday, showed that consumer confidence declined sharply this month to a reading of 88.7, the lowest level since April, when #Trump unveiled sweeping #tariffs.

#inflation #affordability #CostOfLiving #recession #trumpcession
https://www.cnn.com/business/live-news/us-inflation-retail-sales-economy?post-id=cmiephbs800003b6oigkt7xq3

Here’s what the latest inflation and spending data reveals about the US economy

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Here’s what September wholesale inflation and retail sales reveal about the economy.

CNN
Nov 25 at 4:08pmWeb
Show threadNonilex2d ago

“Consumers’ write-in responses pertaining to factors affecting the #economy continued to be led by references to #prices & #inflation, #tariffs & #trade, & #politics, with increased mentions of the federal government shutdown,” Dana Peterson, the Conference Board’s chief economist, said in a release. The government shutdown ended earlier this month, so #ConsumerConfidence *could* rebound in December.

#Trump #CCI #affordability #CostOfLiving #recession #trumpcession

Show threadNonilex2d ago

The survey also showed growing pessimism among respondents about #job availability & #income prospects in the next 6 months.

“Mid-2026 expectations for #labor market conditions remained decidedly negative, & expectations for increased household incomes shrunk dramatically, after 6 months of strongly positive readings,” Peterson said.

#Trump #economy #inflation #tariffs #CCI #affordability #CostOfLiving #recession #trumpcession

Show threadNonilex2d ago

There have been high-profile announcements of #layoffs in recent weeks, but that doesn’t immediately translate into higher #unemployment, which was at a low 4.4% rate in Sept, acc/to the latest Labor Department “data”.

#Trump #economy #inflation #tariffs #CCI #affordability #CostOfLiving #recession #trumpcession

Show threadLor2d ago

@Nonilex

Hmmmm...... sure.