BTCC
/
BTCC Square
/
Global Cryptocurrency
/
U.S. Consumer Sentiment Hits Three-Month Low Amid Economic Uncertainty
U.S. Consumer Sentiment Hits Three-Month Low Amid Economic Uncertainty
20
2
BTCCSquare news:
Consumer confidence tumbled to 58.2 in August, marking the weakest reading since May as Americans grow increasingly wary of tariff disputes, inflationary pressures, and labor market instability. The University of Michigan's survey reveals a pronounced pullback in big-ticket purchases, with durable goods and vehicle buying conditions deteriorating sharply under the weight of elevated interest rates.
Households remain cautious despite continued spending—July saw the fastest consumption growth in four months, fueled by resilient wage gains. Yet 63% now expect unemployment to rise, a stark contrast to last year's optimism. The expectations index slid to 55.9, reflecting growing pessimism about the next six months.
By:
