A survey of consumer confidence fell in October to 102.5 to mark the first decline in three months, reflecting nagging worries about high inflation and the...
The numbers: A survey of consumer confidence fell in October to 102.5 to mark the first decline in three months, reflecting nagging worries about high inflation and the rising odds of recession.
Economists polled by The Wall Street Journal... The numbers: A survey of consumer confidence fell in October to 102.5 to mark the first decline in three months, reflecting nagging worries about high inflation and the rising odds of recession. Big picture: The U.S. economy is growing but slowing and a recession could be on the horizon if the Federal Reserve keeps raising interest rates to try to suffocate inflation. Consumers are feeling more anxious about the near future.