The Economic Times

US consumer confidence plunges to 12-year low as households fear weaker jobs, economy

Consumer confidence in the US experienced a notable decline in September, reaching its lowest level since 2014. This drop suggests households envision a weakening economy and labor market in the coming months. The Conference Board's index fell by 6.7 points, significantly below economists' expectations. While perceptions of the current labor market worsened, they still remained in positive territory for now.