US economy tracker: Consumer confidence falls in September; inflation and weak job market weigh
US economy tracker: Consumer confidence falls in September; inflation and weak job market weigh
US consumer confidence plummeted in September to its lowest since April, driven by deepening concerns over rising inflation and a weakening job market. Inflation, now the top concern, increased in August, while job growth slowed significantly, with the unemployment rate hitting 4.3%. This decline underscores household challenges and may impact future Fed interest rate decisions.
US consumer confidence plummeted in September to its lowest since April, driven by deepening concerns over rising inflation and a weakening job market. Inflation, now the top concern, increased in August, while job growth slowed significantly, with the unemployment rate hitting 4.3%. This decline underscores household challenges and may impact future Fed interest rate decisions.