Posted 2/27/2024, 9:50:15 PM
Consumer Confidence Drops as Job Market Worries Rise, Big Purchases Put on Hold
- Americans are increasingly worried about the state of the job market, even as concerns over food and gas prices ease
- Consumers are less optimistic about their finances and expect interest rates to rise in the next 6 months
- Consumers plan to pull back on big purchases like cars and homes
- Consumers are upbeat about the stock market's trajectory in the next year
- Overall consumer confidence fell in February after rising late last year, reflecting uncertainty about the economy
