Americans' confidence in the economy falls again and is at lowest level since summer
Source: Marketwatch
The numbers: The confidence Americans feel in the economy fell for the second month in a row and touched the lowest level since last summer, perhaps a sign that worries about the 9 1/2-year U.S. expansion have spread from Wall Street to Main Street.
The consumer confidence index dropped to 128.1 this month from a revised 136.4 in November, the Conference Board said Thursday. Economists polled by MarketWatch had forecast a 133.3 reading.
Confidence is now at its lowest ebb since July, putting the index almost 10 points below an 18-year peak set in October.
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The bigger worry is about 2019. The future expectations index — what Americans think the economy will look like six months from now — sank to 99.1 from 112.3. That’s the lowest reading since October 2016 — the month before Donald Trump won the presidential election.
Read more: https://www.marketwatch.com/story/americans-confidence-in-the-economy-falls-again-and-is-at-lowest-level-since-summer-2018-12-27
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