U.S. consumer confidence unexpectedly fell in December, raising concerns about the economy's outlook.
U.S. consumer confidence unexpectedly dropped in December to near-recession levels amid growing uncertainty among Americans about the economy in the year ahead. Former White House Economic Advisor, Steve Moore, joined The National News Desk on Friday to discuss how American consumers feel about the economy after new data shows U.S. consumer sentiment dropped. The index fell back in December to 104.7 from 112.8 in November. Analysts forecast a rise to a reading of 113.8.
Consumers had been feeling increasingly confident in recent months, spending more in the run-up to the all-important holiday shopping season. Moore weighed in on the consumer confidence index that measures both Americans’ assessment of current economic conditions and their outlook. 'I was a little shocked by those numbers, actually, because, you know, you look at the consumer spending over Christmas, it was pretty strong. Uh, consumers in previous, uh, and other surveys had shown more confidence. I don't know if this is an outlier or not, but, you know, everywhere I go, people seem to have a little hop in their step as they look at this incoming Trump administration,' said Moore who believes consumer confidence matters. 'If consumers don't feel good about things, they don't spend money. And if they don't spend money, the economy takes a hit,' he explained.'In fact, if you look at the some of the other surveys of, for example, business, they're very confident they had a new, uh, small business index, found record high levels of confidence. So I don't know why there's that disconnect between consumers and business owners,' Moore added. The National News Desk's Angela Brown asked Moore about President-elect Donald Trump's tariff plans on imports from Canada, China and Mexic
CONSUMER CONFIDENCE ECONOMY Recession TRUMP ADMINISTRATION TARIFFS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia Nov jobless rate unexpectedly drops to 3.9%Australia Nov jobless rate unexpectedly drops to 3.9%
Read more »
US Consumer Confidence Drops Unexpectedly to Near-Recession LevelsDespite strong holiday spending, US consumer confidence unexpectedly fell in December to near-recession levels, according to the Conference Board. Steve Moore, former White House Economic Advisor, discusses the reasons behind this decline and its potential impact on the economy.
Read more »
U.S. Consumer Confidence Drops Unexpectedly to Near-Recession LevelsConsumer confidence in the U.S. unexpectedly declined in December, nearing recession territory, due to growing economic uncertainty among Americans. Steve Moore, former White House Economic Advisor, analyzed the situation on The National News Desk.
Read more »
US Consumer Confidence Drops To Near-Recession LevelsDespite strong holiday spending, consumer confidence unexpectedly fell to near-recession levels in December. Former White House Economic Advisor Steve Moore discusses the reasons behind this decline and the potential impact on the economy.
Read more »
U.S. Consumer Confidence Plummets Unexpectedly to Near-Recession LevelsU.S. consumer confidence dropped unexpectedly in December to near-recession levels, fueled by growing uncertainty about the economy's future. Despite strong holiday spending, the consumer sentiment index fell sharply, surprising analysts who predicted a rise. Experts like former White House Economic Advisor Steve Moore are analyzing this disconnect between consumer sentiment and business confidence, particularly in light of President-elect Donald Trump's proposed trade policies.
Read more »
U.S. Consumer Confidence Unexpectedly DropsU.S. consumer confidence unexpectedly slid to near-recession levels in December, sparking concerns about the economy's future. Former White House Economic Advisor Steve Moore joins The National News Desk to discuss the reasons behind this decline and its potential impact.
Read more »