US Consumer Confidence Plummets to Lowest Level Since 2014

US consumer confidence declined in January to the lowest level in more than a decade on more pessimistic views of the economy and labor market.

The Conference Board’s gauge decreased to 84.5, from an upwardly revised 94.2 last month, data out Tuesday showed. The figure was the lowest since May 2014 and fell short of all estimates in a Bloomberg survey of economists.