​US Consumer Confidence Plunges Most In 3 Years As Labor Market Weakens Significantly – Tyler Durden

US Consumer Confidence Plunges Most In 3 Years As Labor Market Weakens Significantly Thanks to a plunge in ‘Present Situation’, The Conference Board’s Consumer Confidence index tumbled back near the lows of the last three years. Present situation confidence fell to 124.3 vs. 134.6 last month Consumer confidence expectations fell to 81.7 vs. 86.3 last month Source: Bloomberg That snapped the headline print down to 98.7 from 105.6 – the biggest MoM drop since Aug 2021… Source: Bloomberg That headline print was below the lowest estimate. “The deterioration across the Index’s main components likely reflected consumers concerns about the labor…  — Continue at ZeroHedge News : Read More