Consumer Confidence Plummets to 12-Year Low: Economic Outlook Concerns Rise

The economic landscape is undergoing a significant shift, with recent data revealing a concerning downturn in consumer confidence. For the fourth consecutive month, sentiment has declined, highlighted by the Conference Board’s latest survey indicating that respondents’ 12-month economic outlook has reached its lowest point in over a decade. This drop signals rising economic concerns and warrants close attention from businesses and policymakers. Factors Contributing to