US News

Rising inflation, relentless pandemic dampen U.S. consumer confidence

Published by
Reuters

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence dropped to a nine-month low in November amid worries about the rising cost of living and pandemic fatigue, but that did not change expectations for stronger economic growth this quarter. The survey from the Conference Board on Tuesday showed consumers less enthusiastic about buying a house and big-ticket items such as motor vehicles and major household appliances over the next six months, likely because of shortages, which have boosted prices. Consumers held strong views of the labor market, with the gap between those saying job…

Read More

Facebook Comments

Check Also

Asia Stocks May Extend Drop on Fed Policy Concerns: Markets Wrap

Jump To The Original Source

Archives