Americans are expressing lowered opinions about the U.S. economy as worries persist about a declining job market and rising prices, according to survey results released Tuesday by the Conference Board think tank, though consumers are now citing the government shutdown as a “key concern.”
Recent surveys suggest Americans have grown increasingly concerned about inflation, rising prices and a cooled labor market.
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The Conference Board’s confidence index—a measurement of consumers’ views on the U.S. economy—fell to 94.6 in October from 95.6 in August, down from a 100-point baseline set in 1986 and the lowest reading since April.
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