American consumers are feeling less confident as concerns about jobs take center stage
A shopper passes by a Christmas tree costing $600 on display in a Costco warehouse Sept. 12, 2024, in Thornton, Colo. (AP Photo/David Zalubowski, File)
WASHINGTON (AP) — American consumers are feeling less confident this month as concerns about jobs rose significantly.
The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month-to-month decline since August of 2021.
The survey was conducted before the Federal Reserve announced a bigger-than-expected half-point interest rate cut last week.
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