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.
Only 20.1% of consumers said business conditions were good in the U.S., according to the Conference Board’s report.
Economic concerns felt by Americans of different ages, incomes and political affiliations, survey finds
The board's Consumer Confidence Index slumped to 88.7, a drop of 6.8 points from the prior month for its lowest reading in seven…
Pressure is on for the Fed to start lowering rates, with markets expecting a cut at each of the three remaining meetings this…
