U.S. consumers, regardless of income, age, or political affiliation, are becoming increasingly concerned about the state of the economy.
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In January, the Consumer Confidence Index (CCI) fell by 9.7 points month-over-month to 84.5, missing the consensus estimate of 91 and marking the lowest level since May 2014.
“All five components of the Index deteriorated, driving the overall Index to its lowest level since May 2014 (82.2)—surpassing its COVID-19 pandemic depths,” said TCB Chief Economist Dana M. Peterson.
*This is a developing story. Stay tuned for additional updates.*
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