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Heather Long: U.S. consumer confidence index at lowest since 2014

Heather Long: U.S. consumer confidence index at lowest since 2014
Consumer confidence drops below 2020 level

Heather Long highlights that the Conference Board's Consumer Confidence Index has dropped to its lowest level since early 2014.

According to Long, this means confidence among Americans is now even lower than during the 2020 pandemic period, reflecting widespread concerns over high gas and diesel prices, surging borrowing costs, and sluggish hiring.

Long previously reported that inflation has erased U.S. wage gains, forcing many households to cut back. She also noted that Federal Reserve Governor Chris Waller is leaning toward holding interest rates steady in September, with upcoming inflation data in focus. These developments have contributed to concerns about household finances and future economic policy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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