American consumers’ expectations for the future of the economy have hit their lowest point in almost 10 years, according to a new consumer confidence report.
The Conference Board, a business research organization, released its U.S. Consumer Confidence report Tuesday, surveying American consumers on the state of the economy. The group’s Expectations Index, which is “based on consumers’ short-term outlook for income, business, and labor market conditions,” is at its lowest point in nearly ten years.
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