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US consumer confidence tumbles in September as American anxiety about the future grows
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General Electric washing machines are displayed at a retailer, Friday, Sept. 15, 2023, in Marietta, Ga. On Tuesday, the Conference Board reports on U.S. consumer confidence for September. - photo by AP Photo/Mike Stewart
WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 103 in September from 108.7 in August. Analysts were expecting a smaller decrease, to a reading of 105.