Consumer confidence indices declined to record lows due to sustained high prices and inflation outpacing wage growth.
8 reports, 8 independent
Updated Sep 11
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New informationRepeats or wire copies
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What happened
Consumer confidence indices declined to record lows due to sustained high prices and inflation outpacing wage growth.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Latest data shows consumer confidence dropped to second-lowest level.1 source
- Consumer volatility and household income pressure are noted in key markets like Los Angeles and Houston.Sub-event
- High interest rates and inflation are negatively impacting buyer budgets in the U.S. boating market.Sub-event
Consumer confidence dropped to record lows as high prices erode average Americans' incomes.1 source
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The entities involved
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Conference Board
nonprofit organization in Brussels, Belgium
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inflation
theory of rapid universe expansion
Related events
- The Iran war, coupled with oil price volatility, is driving inflation and causing market hesitation in the housing sector due to rising mortgage rates.
- Store closures and flat hiring expected as high inflation and rising interest rates impact housing and consumer spending.
- Elevated oil prices persist and rise while inflation expectations remain well anchored.
- Consumer Goods Price Index data shows higher cumulative price increases, specifically impacting low-income and Gen Z consumers.
- Oil price spikes are fueling inflation and rate hikes, leading to housing market stress and resembling post-2008 financial crisis conditions.
Coverage
Newest first; wire copies grouped- scotsmanguide.com
- arizonadailyindependent.com
- gizmodo.com
- newsday.com
- heraldbulletin.com
- macombdaily.com
- 2news.com
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