US consumer confidence at lowest since 2020 as tariff worries mount
U.S. consumer confidence has plummeted to its lowest level since August 2020, driven by fears over tariffs, inflation, and financial market volatility.
The Conference Board reported its Consumer Confidence Index dropped by 7.9 points to 86 in April — far below economists’ expectations.
The Expectations Index, which gauges short-term outlooks on income and jobs, fell sharply to its lowest since 2011 and well below the 80-point recession threshold.
Senior economist at The Conference Board Stephanie Guichard says the decline marks the fifth straight month of falling confidence.
Concerns about job prospects, income, and business conditions are weighing heavily on consumers.
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