WASHINGTON (AP) — U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elevated. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 97 in April from 103.1 in March. The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The index measuring Americans’ short-term expectations for income, business and the job market tumbled to 66.4 from 74 last month. That’s the lowest reading since July of 2022. A reading under 80 can signal a potential recession in the near future. Consumers’ view of current conditions retreated to 142.9 from 146.8 in March. Responses to the Conference Board’s survey showed that Americans remain concerned about high prices, particularly for food and gas. |
Republicans debate ahead of runoff for Alabama congressional seatAustralia to open the Formula 1 season in 2025 as Bahrain and Saudi races shift for RamadanHouse passes reauthorization of US spy program after GOP upheavalCardinals blow an early 6Cardinals blow an early 6How a Black conservative activist arranged Donald Trump's stop at an Atlanta ChickLeBron James scores 37, Anthony Davis finishes with 36 as the Lakers beat Grizzlies 123New Jersey officials drop appeal of judge's order to redraw Democratic primary ballotDevonte' Graham and the Spurs stun the Nuggets, who fall into a threePolice looking into how missing fisher went overboard