A sluggish job market lowers consumer confidence but may also lead to another rate cut from the US Federal Reserve.
A sluggish job market lowers consumer confidence but may also lead to another rate cut from the Federal Reserve by the end of the year.
By Reuters
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After a lackluster jobs report last month, Americans are less confident about short-term income and are spending less.
Consumer confidence took a dive in January as Americans grow increasingly concerned about their financial prospects.
Consumer confidence has fallen sharply in the past quarter, as higher fuel and energy costs squeeze household budgets.
The government shutdown, now in its second month, has led to cuts in benefits, including food stamps, for millions of…
Consumer confidence has dropped below key thresholds, challenging Fed policymakers and Wall Street’s bullish market view.
Only 20.1% of consumers said business conditions were good in the U.S., according to the Conference Board’s report.
