Skip to content
Subscriber Only
Markets
Economics

Consumer Confidence in U.S. Declines to Lowest Since 2017

Video player cover image
Data Says a Fed Rate Cut Won’t Offset Higher Tariffs: JPM's Kelly
Updated on

U.S. consumer confidence fell in June to the lowest level since September 2017 as Americans became less upbeat about the economy and labor market amid trade tensions with China and Mexico.

The Conference Board’s index declined to 121.5, lower than all forecasts in a Bloomberg survey, data from the New York-based group showed Tuesday. The median projection called for a reading of 131. A gauge of the present situation decreased to a one-year low of 162.6, while the measure of expectations fell to 94.1.