US Consumer Confidence Hits 12-Year Low
US consumer confidence fell to its lowest level since 2014 in September as households expect worsening economic conditions. Rising interest rates and higher living costs weigh heavily on Americans.
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United States consumer confidence fell to an 81.9 reading in September, hitting a near 12-1/2-year low. Households expect worsening labor conditions over the next six months amid rising interest rates and energy costs. The slump complicates the economic backdrop ahead of the November 3 midterm elections determining control of Congress.
