Newsweek on Nostr: US Consumer Confidence Drops Ahead of Holidays ========== U.S. consumer confidence ...
US Consumer Confidence Drops Ahead of Holidays
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U.S. consumer confidence fell to 104.7 in December 2024, down from 112.8 in November; economists expected an increase to 113.8; significant drop in short-term outlook for income, business conditions, and job opportunities, falling over 12 points to 81.1; consumer assessments of current conditions decreased from 141.2 to 140.2; concerns about economic outlook persist, with potential implications for growth in 2024; retail spending rose by 0.7% in November; the economy expanded at a 3.1% annualized rate in Q3 2024; Trump's proposed tariffs could increase inflation; Samuel Tombs of Pantheon Macroeconomics commented on consumer perceptions regarding tariffs.
#ConsumerConfidence #Economy #RetailSpending #Inflation #Trump #EconomicOutlook #Q3Growth #Tariffs #ConferenceBoard #December2024
https://www.newsweek.com/us-consumer-confidence-drops-ahead-holidays-2005276
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U.S. consumer confidence fell to 104.7 in December 2024, down from 112.8 in November; economists expected an increase to 113.8; significant drop in short-term outlook for income, business conditions, and job opportunities, falling over 12 points to 81.1; consumer assessments of current conditions decreased from 141.2 to 140.2; concerns about economic outlook persist, with potential implications for growth in 2024; retail spending rose by 0.7% in November; the economy expanded at a 3.1% annualized rate in Q3 2024; Trump's proposed tariffs could increase inflation; Samuel Tombs of Pantheon Macroeconomics commented on consumer perceptions regarding tariffs.
#ConsumerConfidence #Economy #RetailSpending #Inflation #Trump #EconomicOutlook #Q3Growth #Tariffs #ConferenceBoard #December2024
https://www.newsweek.com/us-consumer-confidence-drops-ahead-holidays-2005276