US Consumer Outlook at Its Darkest in 12 Years
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US consumer confidence plummeted in January to the lowest level in 12 years on more pessimistic views from Americans worried about the nation’s economy, inflation and a weakening labor market.
The gauge by the Conference Board 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.