Consumer Confidence in the U.S. Economy Fell Sharply this Month

U.S. consumer confidence declined sharply in January, hitting the lowest level since 2014 as Americans grow increasingly concerned about their financial prospects.

Tuesday, the Conference Board said its consumer confidence index cratered 9.7 points to 84.5 in January; this fell below even the lowest readings during the COVID-19 pandemic.

A measure of Americans' short-term expectations for their income, business conditions and the job market tumbled 9.5 points to 65.1, well below 80, the marker that can signal a recession ahead. It's the 12th consecutive month that reading has come in under 80.

Please select this link to read the complete article from The Associated Press.