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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Consumer confidence in the U.S. has dropped to a 21-month low as worries about food and gas prices, elevated interest rates, and concerns about the labor market persist. The decline marks the third consecutive month of deterioration, with Americans expressing skepticism about the economy and their financial futures.
The below, from @NBCNews, helps explain why voters' perception of the Biden Administration's economic management remains so low despite two years of an unemployment rate below 4%, a very strong historical performance. As more households get priced out of basic consumer… https://t.co/EkwGmvyvbj
“Confidence of US consumers continues to decline as Americans worry about the future” #Bidenomics https://t.co/v5YCYvnPkg
US consumer macro backdrop is softening. https://t.co/rQ0fWGbuZU