Consumer confidence falls to 16-year low.

Posted on

"Consumer confidence falls to 16-year low."

U.S. consumer confidence this month “to its lowest in 16 years as high inflation continued to sap confidence and pushed expectations for the future to a record low.” The index measured consumers’ moods at 50.4 in June, lower than Wall Street economists’ expectations and less than half of what it was last July. (HT: Atrios)

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.