US Consumer Confidence Hits Pandemic-Era Low

The Consumer Confidence Index in the United States experienced a significant drop in April, decreasing by 7.9 points to 86.0. This marks the lowest level since the onset of the COVID-19 pandemic, according to data from The Conference Board.

Expectations Index Reaches 13-Year Low

The Expectations Index fell to 54.4, signaling potential economic recession. Stephanie Guichard, a senior economist, attributed this decline to increasing pessimism regarding future economic conditions, including job availability, income prospects, and business performance.

Inflation and Market Volatility Fuel Anxiety

Rising inflation expectations and stock market volatility have further exacerbated consumer anxiety. Concerns over tariffs leading to higher prices have also contributed to the growing unease among consumers.