Trade Tensions Drag down Consumer Confidence
June 25, 2019
American consumers’ optimism about the economy saw a big drop in June, falling to the lowest level in 21 months. The Conference Board’s index of consumer confidence fell almost ten points in June, down to 121.5 from May’s 131.3. The Conference Board notes that consumers’ confidence was brought down by worries over the escalating trade war and feelings that the job market may be slowing.