Americans are feeling less confident in the economy as gas prices rise

The Consumer Confidence Index fell in August due to higher gas prices and concerns about inflation, leading to a decrease in consumer spending and potential implications for the US economy.

yahoo.com

Relevant topic timeline:

8/29/2023

Germany: Low consumer confidence expected to dip further

German consumer confidence is expected to decrease in September due to persistently high inflation rates and a lack of clear upward or downward trend in the consumption climate.

8/29/2023

US Consumer Confidence Pulled Back in August

Consumer confidence fell in August 2023, erasing back-to-back increases in June and July, as consumers expressed concerns about rising prices, employment conditions, and future business prospects amidst a cooling labor market and high interest rates.

8/29/2023

US consumer confidence wanes with prices still high and signs of a cooling job market

Consumer confidence in the United States has plummeted as high prices and interest rates deter spending, with the Conference Board's consumer confidence index falling to 106.1 in August from a revised 114 in July.

8/29/2023

U.S. consumer confidence retreats markedly in August, close to levels signaling recession

US consumer confidence dropped to 106.1 in August from 114 in the previous month, reversing gains made in June and July, with economists blaming higher gasoline prices as a key factor behind the decline.

9/3/2023

Why Consumer Confidence Is Dropping When the Economy Looks So Strong

Consumer confidence is dropping despite a strong economy, leading to questions about the factors influencing sentiment.

9/6/2023

Mortgage demand plummets as high rates squeeze buyers

The Mortgage Bankers Association's index of mortgage applications fell to its lowest level since 1996 as consumer demand cooled due to a surge in mortgage rates and low housing inventory.

9/12/2023

Inflation Picks Up Again in August as Oil Prices Surge

The U.S. Consumer Price Index (CPI) is expected to have jumped 0.6% in August, driven by resurgent oil prices, while the core CPI is anticipated to have dipped to a 4.3% year-over-year pace; this higher inflation has dampened the summer rally for bitcoin and other cryptocurrencies, as interest rates are likely to stay higher and for longer than anticipated by investors.

9/15/2023

Consumer Sentiment Falls Again in September on Economic Worries

Consumer sentiment in the US fell for the second month in a row in September, reflecting concerns about the economy, even though Americans believe that inflation will continue to slow.

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Posted 8/29/2023, 6:55:03 PM

Americans are feeling less confident in the economy as gas prices rise

The Consumer Confidence Index fell in August due to higher gas prices and concerns about inflation, leading to a decrease in consumer spending and potential implications for the US economy.

yahoo.com

Relevant topic timeline:

8/29/2023

Germany: Low consumer confidence expected to dip further

German consumer confidence is expected to decrease in September due to persistently high inflation rates and a lack of clear upward or downward trend in the consumption climate.

8/29/2023

US Consumer Confidence Pulled Back in August

8/29/2023

US consumer confidence wanes with prices still high and signs of a cooling job market

8/29/2023

U.S. consumer confidence retreats markedly in August, close to levels signaling recession

9/3/2023

Why Consumer Confidence Is Dropping When the Economy Looks So Strong

Consumer confidence is dropping despite a strong economy, leading to questions about the factors influencing sentiment.

9/6/2023

Mortgage demand plummets as high rates squeeze buyers

The Mortgage Bankers Association's index of mortgage applications fell to its lowest level since 1996 as consumer demand cooled due to a surge in mortgage rates and low housing inventory.

9/12/2023

Inflation Picks Up Again in August as Oil Prices Surge

9/15/2023

Consumer Sentiment Falls Again in September on Economic Worries

Consumer sentiment in the US fell for the second month in a row in September, reflecting concerns about the economy, even though Americans believe that inflation will continue to slow.