Tag: Consumer confidence

Consumer Confidence Plummets as Biden Approval Rating Slumps

Ohio Star Staff

Morning Consult’s U.S. consumer sentiment index in September declined to its lowest point in months as voters voice concerns over President Joe Biden’s handling of the economy.

Consumer confidence is decreasing once again after having risen over the course of 2023 following lows during 2022, according to Morning Consult. Moreover, as Americans remain pessimistic about their finances, they are increasingly souring on the president’s job performance, with 56% of Americans disapproving of Biden in recent Washington Post-ABC News and NBC News polls, up from previous figures.

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Consumer Confidence Hits Near-Recession Low

Ohio Star Staff

The latest index of U.S. consumer confidence fell to a new low in the month of August, hitting levels that would normally indicate a coming recession.

As Breitbart reports, the Conference Board confirmed on Tuesday that the index fell to 106.1 in August, down from 114 in July. Economists had originally projected that it would rise to 116.6, and had predicted that July would reach 117.0.

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Commentary: Despite Rising Consumer Confidence, Biden’s Economy Is Nothing Like Trump’s

Ohio Star Staff

Consumer confidence is still far below the record highs set under the Trump administration, and a new report by the Conference Board warns ongoing consumer doldrums about the future could spell future recession.

The latest report released Tuesday by the Conference Board, a non-profit research organization funded by more than 1,000 corporations, found consumer confidence improved slightly in September for the second consecutive month due to jobs, wages and declining gas prices, but that “recession risks nonetheless persist” due to a sluggish uptick in the Expectations Index.

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