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.
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
Kim Kardashian's Met Gala moments! A look back at every outfit the star has worn on the red carpet
Zimbabwe wins toss and bats first in 3rd T20 against Bangladesh
DeLuca stays hot with homer and 4 RBIs as Rays beat Clevinger and White Sox 8
Celebrity birthdays for the week of May 26
The FAA investigates after Boeing says workers in South Carolina falsified 787 inspection records
Planters nuts recalled across America over potentially fatal contamination
Red Lobster seeks bankruptcy protection after closing some restaurants
Kim Kardashian's Met Gala moments! A look back at every outfit the star has worn on the red carpet
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
Toronto treads lightly, choosing 4th