US January Consumer Confidence Lowest Since 2014
By Reuters | 27 Jan, 2026
High prices and a weak job market has caused consumer confidence to plunge 9.7% to 84.5, lowest since May 2014.
U.S. consumer confidence unexpectedly deteriorated in January, slumping to its lowest level since 2014, amid growing anxiety over high prices and a sluggish labor market, a survey showed on Tuesday.
The Conference Board said on Tuesday its consumer confidence index plunged 9.7 points to 84.5 this month, the lowest level since May 2014. Economists polled by Reuters had forecast the index at 90.9.
"Consumers' write-in responses on factors affecting the economy continued to skew towards pessimism," said Dana Peterson, chief economist at the Conference Board. "References to prices and inflation, oil and gas prices, and food and grocery prices remained elevated. Mentions of tariffs and trade, politics, and the labor market also rose, and references to health insurance and war edged higher."
(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama )
Recent Articles
- Your Answers to These 7 Questions Will Reveal Whether You're Sane or a Closet Lunatic
- US Oil Companies Profit from Strait of Hormuz Closure Says Russian Oil CEO
- Trump Faces New Republican Resistance in Congress as Midterms Approach
- SpaceX IPO Already Two Times Oversubscribed
- SpaceX Signs Google As AI Compute Client After Landing Anthropic
- $1 Trillion in Stock Market Valuation Erased by AI Chip Selloff
- Anthropic Urges Industry Pause As AI Nears Recursive Self-Development
- Trump's South Lawn UFC Birthday Bash to Mix Politics with Punches
- Trump Policies Targeting 39 Nationalities of Immigrants Invalidated
- One Man Holds Back the World's Progress toward Green Energy Sufficiency and Prosperity