US Consumer Confidence Tumbles in September
By MATT OTT AP Business Writer WASHINGTON (AP) – The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 103 in September from 108.7 in August. Analysts were expecting a smaller decrease, to a reading of 105. The index measures both Americans’ assessment of curCopyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
