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US consumer confidence falls in August, Conference Board says

American consumer sentiment hovers near record lows as frustration over the cost of living continues to mount ahead of the midterms. Overall US consumer prices have risen nearly 29 percent over the past six years based on the Consumer Price Index, with everyday essentials up about 30 percent. While Costco earnings paint a rosier retail picture, consumer pessimism dominates economic spotlights as the latest University of Michigan survey approaches release.

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  • βœ“ Overall US consumer prices have risen nearly 29 percent over the past six years based on the Consumer Price Index, with everyday essentials now about 30 percent higher.
  • βœ“ Frustration over the cost of living continues to mount according to Joanne Hsu, director of consumer surveys at the University of Michigan.
πŸ›‘οΈ Source Corroboration: 60 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

New data shows US consumer sentiment remaining near record lows in October, driven by ongoing frustration over mounting living costs.

Live updates

  1. US Consumer Sentiment Slumps Amid Rising Cost Pressures

    American consumer sentiment hovers near record lows as frustration over the cost of living continues to mount ahead of the midterms. Overall US consumer prices have risen nearly 29 percent over the past six years based on the Consumer Price Index, with everyday essentials up about 30 percent. While Costco earnings paint a rosier retail picture, consumer pessimism dominates economic spotlights as the latest University of Michigan survey approaches release.

    Why it matters

    Inflation and cost-of-living pressures remain primary drivers of voter sentiment during the current election cycle. High prices for everyday essentials overshadow broader economic indicators, placing political pressure on Republicans as voters head toward the midterm elections. Economists closely monitor these sentiment surveys to gauge how persistent inflation impacts household spending behavior.

    What is confirmed

    • Overall US consumer prices have risen nearly 29 percent over the past six years based on the Consumer Price Index, with everyday essentials now about 30 percent higher.
    • Frustration over the cost of living continues to mount according to Joanne Hsu, director of consumer surveys at the University of Michigan.

    Still unconfirmed

    • Costco earnings paint a rosier picture for the retail sector despite broader consumer pessimism.

    What to watch next

    • The official release of the University of Michigan consumer sentiment survey results.
    • Voter turnout and electoral outcomes in the upcoming midterm elections.
    Sources used for this update (8)
    1. www.theepochtimes.com β€” US Consumer Sentiment Near Record Low in October | The Epoch Times
    2. www.rt.com β€” The two elections that revolve around Iran β€” RT World News
    3. finance.yahoo.com β€” Hewlett Packard, Dell have a PC problem
    4. jen.jiji.com β€” Healthcare: Welfair 2026 kicks off from AI to a law on fertility, new proposals for the future of health (2)
    5. finance.yahoo.com β€” Tesla rival appears to have a demand problem
    6. biz.heraldcorp.com β€” WORLD'It's the economy, stupid' β€” inflation, not war or politics, dominates the midterms
    7. www.thedailyupside.com β€” Consumer Sentiment in the Spotlight as Michigan Survey Set for Release - The Daily Upside
    8. jen.jiji.com β€” India, opposition protest continues, thousands in New Delhi square
    confidence 95%

  2. US Consumer Confidence Falls to Lowest Level Since 2014

    American consumer confidence dropped significantly, reaching its weakest level in twelve years as views on the economy and the job market deteriorated. The Conference Board Consumer Confidence Index fell 6.7 points to 81.9, which is below every estimate in a survey of economists. A measure of present conditions fell nearly 8 points to its lowest since 2021. Households report increased pessimism driven by stagnant wages, high costs, and persistent inflation shortly before the midterm elections, even though no recession is yet confirmed and unemployment levels remain relatively low.

    Why it matters

    This steep decline in sentiment highlights a growing disconnect between broad macroeconomic indicators like GDP growth and the daily financial reality of households. Borrowing costs and inflation continue to weigh heavily on consumers, with interest consuming about 2.5% of disposable income compared to 1.5% in 2021. The souring public mood creates a politically tense environment as voters head toward the upcoming midterm elections.

    What is confirmed

    • The Conference Board Consumer Confidence Index fell 6.7 points to 81.9 in September.
    • Interest is eating up about 2.5% of disposable income, up from 1.5% in 2021.

    Still unconfirmed

    • Middle-age and lower-income groups were hit hardest by the September drop in consumer confidence.

    What to watch next

    • Upcoming Consumer Price Index data
    • Federal Reserve interest rate decisions
    • October economic reports and corporate earnings
    Sources used for this update (15)
    1. www.cnbc.com β€” The consumer isn’t cracking yet β€” but the math Is getting worse
    2. finance.yahoo.com β€” The American consumer is souring: What to watch this week
    3. www.hindustantimes.com β€” US jobs report cools Fed rate hike bets: Why October CPI and record diesel prices now matter
    4. www.thehindubusinessline.com β€” RBI MPC Meeting Oct 2026 Highlights: RBI MPC hikes repo rate by 25 bps to 5.5%, changes stance to 'calibr....
    5. jen.jiji.com β€” Kazakhstan to host World Tennis General Assembly for 1st time
    6. www.tradingkey.com β€” Constellation Brands (STZ) Fiscal Q2 2027 Earnings Call: EPS Guidance Reaffirmed
    7. www.tradingkey.com β€” μ½˜μŠ€ν…”λ ˆμ΄μ…˜ 브랜즈(STZ) 2027 νšŒκ³„μ—°λ„ 2λΆ„κΈ° 싀적 λ°œν‘œνšŒ: EPS κ°€μ΄λ˜μŠ€ μž¬ν™•μΈ
    8. flpbaruchnewsletter.wordpress.com β€” U.S. Consumer Confidence Falls to Lowest Level Since 2014
    9. www.fool.com β€” Levi Strauss (LEVI) Q3 2026 Earnings Call Transcript | The Motley Fool
    10. www.cnn.com β€” With midterms approaching, Americans’ confidence in the economy is in a tailspin
    11. www.aol.com β€” Americans Haven't Felt This Bad About the Economy for a Decade β€” What Changed?
    12. www.universenewsnetwork.com β€” US Consumer Confidence September Drop Hits Middle-Age, Lower ...
    confidence 100%

  3. US Consumer Confidence Hits Lowest Level Since 2014

    The Conference Board Consumer Confidence Index fell 6.7 points to 81.9 in September, marking its lowest point since April 2014. American households report increased pessimism driven by stagnant wages, high costs, and persistent inflation. This decline occurs shortly before the midterm elections. An increasing number of consumers now believe a recession is somewhat likely within the next 12 months, despite previous data indicating strong consumer spending and a lower than expected rise in inflation for August.

    Why it matters

    Consumer sentiment serves as a leading indicator for economic health and household spending patterns. The current drop suggests a disconnect between macroeconomic spending data and the psychological outlook of individual consumers.

    What to watch next

    • Upcoming mid-term election results
    • Future Conference Board Consumer Confidence Index releases
    • Updated US inflation data for September
    Sources used for this update (3)
    1. www.covers.com β€” Kalshi Promo Code COVERS35 for $35 Bonus in August 2026
    2. www.theguardian.com β€” Global oil stockpiles β€˜scarily thin,’ says Saudi Aramco chief; euro hits 17-month low on France debt fears – business live
    3. jen.jiji.com β€” Garlasco, the 'mysterious' report on Stasi and the prosecutors' suspicions about destroyed exhibits
    confidence 100%

  4. US Consumer Confidence Falls to Lowest Level Since April 2014

    American consumer confidence dropped significantly in September, pushing the Conference Board Consumer Confidence Index down 6.7 points to 81.9. This decline brings the index to its lowest level since April 2014. Households reported mounting pessimism caused by persistent inflation, stagnant wages, and high costs just weeks before the midterms. Concurrently, more consumers view a United States recession over the next 12 months as somewhat likely. This downturn underscores persistent financial strains despite separate data showing a smaller-than-expected inflation rise in August paired with strong consumer spending.

    Why it matters

    The Conference Board conducts a monthly survey tracking US consumer attitudes, spending plans, and expectations for inflation, stock prices, and interest rates. These sentiment readings offer insight into how economic pressures shape household behaviour ahead of upcoming political elections. The drop reflects ongoing public anxiety about personal finances even as broader economic reports show mixed signals.

    What is confirmed

    • The Conference Board Consumer Confidence Index fell 6.7 points in September to 81.9, marking the lowest level recorded since April 2014.
    • American households expressed growing pessimism driven by persistent inflation, stagnant wages, and high costs ahead of the midterms.
    • The share of consumers viewing a United States recession over the next 12 months as somewhat likely continued to rise.
    • The monthly survey tracks US consumer attitudes, spending plans, and expectations for inflation, stock prices, and interest rates.

    What to watch next

    • Upcoming monthly Consumer Board releases to track further index movements
    • Subsequent retail sales and inflation data to measure actual household spending responses
    Sources used for this update (2)
    1. www.conference-board.org β€” US Consumer Confidence
    2. finance.yahoo.com β€” September US Consumer Confidence Falls on Declines in Current ...
    confidence 100%

  5. US Consumer Confidence Drops to Lowest Level Since 2014

    American consumer confidence dropped sharply in September, sending the Conference Board Consumer Confidence Index down 6.7 points to 81.9. This decrease marks the lowest level recorded since April 2014. Households expressed growing pessimism driven by persistent inflation, stagnant wages, and high costs just weeks ahead of the midterms. At the same time, the share of consumers viewing a United States recession over the next 12 months as somewhat likely continued to rise. The downturn highlights ongoing financial pressures despite a separate report showing inflation rose less than expected in August alongside robust consumer spending.

    Why it matters

    The decline in consumer confidence reflects intensifying household anxiety over elevated prices and economic strain during the ongoing Iran war. These pressures have pushed views of the economy to a more than ten-year low. Meanwhile, separate data indicates that underlying price pressures moderated in August, even as public sentiment remains deeply negative.

    What is confirmed

    • The Conference Board Consumer Confidence Index fell by 6.7 points to 81.9 in September.
    • The September reading represents the lowest level for the index since April 2014.
    • US inflation increased less than expected in August.
    • The share of consumers who said a US recession over the next 12 months is somewhat likely continued to rise.

    Still unconfirmed

    • Consumer confidence is sinking specifically due to stagnating wages amid the ongoing Iran war.

    What to watch next

    • Upcoming revisions to economic growth and consumer spending metrics
    • Further Conference Board index updates leading into the midterm elections
    Sources used for this update (5)
    1. www.koreatimes.co.kr β€” US inflation rises below expectations in August; consumer spending robust
    2. www.goldrushcam.com β€” The Conference Board Consumer Confidence Index and Expectations Index Continues to Decline in September 2....
    3. www.conference-board.org β€” US Leading Indicators
    4. www.aol.com β€” Americans' view of the economy sinks to the lowest level since 2014, Conference Board survey says - AOL
    5. www.10news.com β€” Consumer confidence hits 12-year low as prices squeeze just before midterms - ABC 10News San Diego
    confidence 95%

  6. US Consumer Confidence Falls to 12-Year Low in September

    US consumer confidence dropped sharply in September, reaching its lowest level since April 2014. The Conference Board Consumer Confidence Index fell by 6.7 points to 81.9, down from an August reading of 88.6. Households reported mounting concerns over rising prices and high costs. This ongoing downward trend reflects a negative economic outlook as consumers anticipate higher interest rates and face persistent financial pressures.

    Why it matters

    The decline in consumer sentiment follows the Federal Reserve increasing its benchmark interest rate to combat inflation, a policy move that drew public criticism from President Donald Trump. Consumers are reacting to broader economic headwinds, including expensive living costs and shifting financial expectations. Financial markets have also felt the strain from these macroeconomic worries.

    What is confirmed

    • The Conference Board Consumer Confidence Index fell to 81.9 in September, down from 88.6 in August.
    • The September decline represents the lowest consumer confidence level recorded since April 2014.
    • Households cited rising prices and high costs as primary drivers for the negative sentiment.

    Still unconfirmed

    • Bitcoin prices fell to $82,775 as US consumers expected higher interest rates.

    What to watch next

    • Upcoming US personal consumption expenditures inflation data and the monthly jobs report
    • Potential adjustments to monetary policy following the Federal Reserve's rate hike
    Sources used for this update (14)
    1. jen.jiji.com β€” Turin, abuse of 12-year-old in Arrivore park: alleged perpetrator stopped
    2. jen.jiji.com β€” Iran, numerous Iranian airline flights cancelled after US sanctions but Mahan Air plane arrived in China
    3. www.cnn.com β€” Stock Market Data - US Markets, World Markets, and Stock Quotes
    4. note.com β€” [This Week's Key Events] From Monday, September 28 | Weekend reset after Hormuz rejection; Core PCE and jobs report to decide October rate hike
    5. www.prnewswire.com β€” The Conference Board News and Press Releases | PR Newswire
    6. stockhub.kr β€” Week Ahead Sep 28–Oct 2: US PCE, Jobs Report, ISM and Micron | StockHub Insights
    7. gokhshtein.com β€” Consumer Confidence Drops to Seven-Month Low as Nasdaq ...
    8. www.rismedia.com β€” Consumer Confidence Fell in September, Continuing Downward Trend
    9. blockonomi.com β€” Bitcoin (BTC) Price: Falls to $82,775 as US Consumers Expect Higher Rates
    10. en.sedaily.com β€” U.S. Consumer Confidence Hits 12-Year Low on Price Worries
    11. www.bastillepost.com β€” Oil prices fall sharply as US plans to release 40 mln barrels from SPR
    12. finance.yahoo.com β€” Target Cuts Prices On Nearly 2,000 Products Ahead Of Holidays: A Look At The Key Highlights
    confidence 100%

  7. Federal Reserve raises interest rates as consumer expectations drop

    The Federal Reserve increased its benchmark interest rate on Wednesday for the first time since 2023 to combat high inflation. This move follows a decline in the Conference Board's Leading Economic Index, which indicates that inflation is negatively impacting how consumers view the economic outlook. While August retail sales previously grew by 1.2%, current data suggests a shift in consumer confidence. President Donald Trump has criticized the Federal Reserve governors for the rate hike, as he had demanded a rate cut.

    Why it matters

    The rate hike ends a three-year period of stability for short-term interest rates. This decision arrives amid conflicting economic signals, including strong retail spending and rising energy costs linked to the Iran war.

    What is confirmed

    • The Federal Reserve raised its benchmark interest rate on Wednesday for the first time since 2023.
    • The Conference Board's Leading Economic Index has fallen due to worsening consumer expectations.

    Still unconfirmed

    • President Donald Trump blasted Federal Reserve governors after the rate hike.

    What to watch next

    • Further updates to the Conference Board's Leading Economic Index
    • Comments from Federal Reserve Chair Kevin Warsh regarding the rate hike
    Sources used for this update (3)
    1. lancasteronline.com β€” Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
    2. jen.jiji.com β€” Businesses, Ugoste (AssoCISO): "We want to enhance the role of CISO and foster a culture of security"
    3. finance.yahoo.com β€” Leading economic index falls, eroded by worsening consumer expectations
    confidence 90%

  8. US Retail Sales Rise as Markets Await Fed Interest Rate Decision

    August retail sales grew by 1.2%, exceeding expectations. This spending surge occurs as investors await a Federal Reserve interest rate decision and comments from Chair Kevin Warsh. US stocks traded mixed on Wednesday, with the S&P 500 and Nasdaq rising while the Dow fell. The Federal Reserve is widely expected to increase short-term interest rates for the first time in three years to combat high inflation. Meanwhile, easing oil prices have provided some market relief, though Andy Burnham warned that the Iran war is driving up oil and gas costs.

    Why it matters

    The Federal Reserve's decision follows a period of low consumer confidence and geopolitical instability in the Middle East. Houthi rebels previously seized control of the Bab el-Mandab strait. These factors combine to influence the Fed's path regarding inflation and interest rates.

    What is confirmed

    • August retail sales increased by 1.2%, a figure that surpassed expectations.
    • The Federal Reserve is widely expected to raise short-term interest rates for the first time in three years.
    • US stocks showed mixed performance on Wednesday, with the S&P 500 and Nasdaq increasing while the Dow declined.

    Still unconfirmed

    • Andy Burnham warned that the Iran war is driving up oil and gas prices, leading to a challenging Budget.
    • Virginia Libero of the Young Democrats stated that she will organize deserters if right-wing parties lead Italy into a real conflict.

    What to watch next

    • The Federal Reserve's official interest rate decision
    • Comments from Fed Chair Kevin Warsh
    • The release of the August Consumer Price Index
    Sources used for this update (5)
    1. jen.jiji.com β€” "We will organize the deserters", Virginia Libero's viral message: the words of the young dem leader
    2. economictimes.indiatimes.com β€” FED Meeting Live | Dow Jones Futures | US Stock Market Live: US stocks trade higher ahead of much-anticipated Fed rate decision
    3. finance.yahoo.com β€” Burnham warns of β€˜challenging’ Budget as inflation rises
    4. www.quiverquant.com β€” Quiver News
    5. www.pbs.org β€” Retail sales rise better-than-expected 1.2% in August
    confidence 90%

  9. Houthi rebels seize strategic Red Sea locations as US markets await CPI data

    Iran-backed Houthi rebels have captured the coastal city of Dhubab and Mayyoun island, granting them control over the Bab el-Mandab strait. This escalation follows a period of high energy costs and low US consumer confidence. While international oil prices have recently fallen amid signs of easing Middle East tensions, investors remain focused on the upcoming August Consumer Price Index release to determine the Federal Reserve's interest rate path. US President Donald Trump has reportedly declined a Saudi request to launch military strikes against the Houthi forces.

    Why it matters

    Control of the Bab el-Mandab strait is critical for global maritime trade and energy security. Previous reports highlighted Brent crude futures exceeding $109 per barrel and high gas prices contributing to a decline in US consumer confidence to 89.4. Ongoing geopolitical instability in the Red Sea threatens to disrupt these markets further.

    What is confirmed

    • Houthi rebels have reached the coastal city of Dhubab and captured Mayyoun island in the Bab el-Mandab strait.
    • US stock index futures rose on September 11 as investors awaited the August Consumer Price Index release.
    • International oil prices fell due to signs of easing tensions in the Middle East.

    Still unconfirmed

    • President Donald Trump rejected a request from Saudi Crown Prince Mohammed bin Salman to attack the Houthis.

    What to watch next

    • The release of the US August Consumer Price Index (CPI) data.
    • The Federal Reserve's subsequent decision on interest rates.
    • Potential changes in US military posture toward Houthi forces in the Bab el-Mandab strait.
    Sources used for this update (8)
    1. jen.jiji.com β€” Yemen, Houthi rebels advance on the Red Sea: Dhubab and Perim island fall
    2. jen.jiji.com β€” Nepal, reconstruction cost estimated at over 4.5 bln dlr
    3. www.tradingkey.com β€” 【US Pre-Market】US Futures Rise Ahead of Key CPI; Oracle Surges Over 7% Pre-Market, Adobe Drops Nearly 3%
    4. jen.jiji.com β€” Better 3 minutes of training or an hour and a half? The study that overturns everything
    5. jen.jiji.com β€” Misano GP, Bezzecchi show and record pole position: the starting grid of the San Marino Grand Prix
    6. jen.jiji.com β€” UK, Burnham's father dies, premier cancels engagements for two days
    7. jen.jiji.com β€” Bob Mackie, 'sultan of sequins' who dressed Cher, Diana Ross and Carol Burnett, dies at 87
    8. inews.co.uk β€” ADHD is not being overdiagnosed, major Government report set to find
    confidence 85%

  10. US Consumer Confidence Falls as Global Energy Prices Surge

    US consumer confidence declined to 89.4 in August due to ongoing inflation and high gas prices. Financial pressures intensified as 10-year Treasury yields reached a 34-month high following proposed chip tariffs targeting SK hynix and Samsung Electronics. Simultaneously, global energy markets experienced severe shocks. Brent crude futures for November delivery climbed above $109 per barrel for the first time since May 21, driven by Middle East escalations and Ukrainian drone attacks on Russian gas facilities. British gas prices surpassed 200p per therm, reaching their highest point since December 2022.

    Why it matters

    Economic strain is compounding across multiple sectors as rising commodity costs put heavy pressure on household budgets and financial markets. The Federal Reserve meeting scheduled for the week of September 14 to 20, 2026, approaches amid these widespread financial anxieties. Meanwhile, nonfarm payrolls are projected to grow by 55,000 jobs.

    What is confirmed

    • US consumer confidence fell to 89.4 in August due to persistent inflation and high gas prices.
    • The price of Brent crude futures for November delivery on London's ICE exchange rose above $109 per barrel for the first time since May 21.
    • British gas prices topped 200p per therm, marking the highest level since December 2022.

    Still unconfirmed

    • Fake gas station maps have appeared online to farm data from Russian citizens taking advantage of Russia's fuel crisis.

    What to watch next

    • The upcoming Federal Reserve meeting scheduled for the week of September 14 to 20, 2026.
    • Nonfarm payroll jobs growth projections of 55,000.
    Sources used for this update (8)
    1. money.rediff.com β€” Read Stories From New+delhi
    2. jen.jiji.com β€” Champions League, today Como-Leipzig: time, probable lineups and where to watch it on TV
    3. www.tradingkey.com β€” Gloo (GLOO) Fiscal Q2 2026 Earnings Call: Revenue Up 188%, Outlook Raised
    4. www.theguardian.com β€” Oil and gas prices jump amid Middle East escalation and Ukrainian drone attacks on Russian gas plants – business live
    5. hotelandcatering.com β€” SERVICE AS CULTURE: WHY GREAT HOSPITALITY CAN’T BE SCRIPTED
    6. jen.jiji.com β€” Denmark, total ban on mobile phones in schools: they won't even be used during break time
    7. tass.com β€” Brent crude on ICE rallies above $109 per barrel for first time since May 21
    8. tass.com β€” Data farmers taking advantage of Russia's fuel crisis - GFCN
    confidence 100%

  11. US Consumer Confidence Drops Amid Inflation

    US consumer confidence fell to 89.4 in August due to persistent inflation and high gas prices. Economic pressure expands as 10-year Treasury yields reach a 34-month high following proposed chip tariffs targeting SK hynix and Samsung Electronics. Amid these financial strains, markets await the Federal Reserve meeting scheduled for the week of September 14 to 20, 2026. Meanwhile, nonfarm payrolls are projected to grow by 55,000 jobs. In sports, world No. 2 tennis player Aryna Sabalenka defeated Linda Noskova in three sets on September 8, advancing to the US Open semifinals.

    Why it matters

    Inflationary pressures and energy costs continue to weigh heavily on American households, reflected in the sharp drop in consumer confidence reported by the Conference Board. Financial markets face additional volatility from proposed technology tariffs and rising Treasury yields ahead of upcoming central bank meetings in the United States, United Kingdom, and Japan. Geopolitical tensions persist alongside domestic electoral preparations, creating a complex backdrop for investors and policymakers.

    What is confirmed

    • US consumer confidence dropped to 89.4 in August according to the Conference Board.
    • Aryna Sabalenka beat Linda Noskova in three sets on Tuesday, September 8, 2026, to reach the US Open semifinals.

    Still unconfirmed

    • US envoys met with Vladimir Putin and Volodymyr Zelensky to propose ending the Ukraine-Russia war, though President Zelensky stated the conflict will continue.

    What to watch next

    • The Federal Reserve interest rate decision during the week of September 14 to 20, 2026.
    • Bank of England and Bank of Japan policy meetings.
    • Aryna Sabalenka's semifinal match on Friday, September 11, 2026.
    Sources used for this update (4)
    1. finance.yahoo.com β€” Medtronic (MDT) Q1 2027 Earnings Call Transcript
    2. scanx.trade β€” Purohit Construction passes all 7 resolutions at 35th AGM with unanimous vote
    3. jen.jiji.com β€” US Open, Sabalenka beats Noskova in three sets and flies into the semifinals
    4. www.europesays.com β€” Forex Economic Calendar Overview: Key Events for the Next Trading Week (14.09.2026–20.09.2026)
    confidence 90%

  12. US Consumer Confidence Hits Seven-Month Low Amid Economic and Political Volatility

    US consumer confidence dropped to 89.4 in August due to high gas prices and inflation, according to the Conference Board. Economic strain persists as 10-year Treasury yields reach a 34-month high following proposed chip tariffs on SK hynix and Samsung Electronics. While nonfarm payrolls are projected to grow by 55,000 jobs, broader instability remains. Recent geopolitical activity includes US envoys meeting with Vladimir Putin and Volodymyr Zelensky to propose ending the Ukraine-Russia war, though President Zelensky stated the conflict will continue. Additionally, midterm mail ballots are being issued amid legal disputes over a Donald Trump order.

    Why it matters

    The Federal Reserve is balancing energy cost spikes against labor market growth. Geopolitical tensions with Iran and the ongoing Ukraine-Russia war contribute to market uncertainty. Domestic political friction over election procedures adds to the current volatility.

    What is confirmed

    • US consumer confidence fell to 89.4 in August.
    • US 10-year Treasury yields reached a 34-month high.
    • Nonfarm payroll projections for August anticipate an increase of 55,000 jobs.

    Still unconfirmed

    • Commerce Secretary Lutnick signaled targeted chip tariffs on Samsung Electronics and SK hynix.

    What to watch next

    • Official results of the Saxony-Anhalt regional elections
    • Court rulings regarding the legality of the Trump order on midterm mail ballots
    • Federal Reserve commentary on energy costs and August payroll data
    Sources used for this update (5)
    1. www.dailypress.com β€” Midterm mail ballots start to go to voters as litigation over Trump’s order creates uncertainty
    2. jen.jiji.com β€” US Open, today Cobolli-Blockx: schedule, head-to-head, and where to watch it on TV
    3. jen.jiji.com β€” Ukraine-Russia, Zelensky at the table with Trump's envoys: "War will continue"
    4. jen.jiji.com β€” AfD triumphs with 44% in Saxony-Anhalt, who is Ulrich Siegmund: "The most dangerous man in Germany"
    5. www.capitalbrief.com β€” IREN’s Roberts reckons compute will never catch up
    confidence 80%

  13. US Inflation and Energy Pressures Mount as Chip Tariffs Threaten Economy

    United States consumer confidence fell to a seven-month low of 89.4 in August, according to the Conference Board, driven by rising inflation and high gas prices. This national pessimism reflects ongoing economic strain, compounded by renewed pressure on oil prices and uncertainty from the war with Iran. Meanwhile, U.S. 10-year Treasury yields hit a 34-month high following Commerce Secretary Lutnick's signal of targeted chip tariffs on Samsung Electronics and SK hynix. These combined pressures test the Federal Reserve's ability to look past higher energy costs while nonfarm payroll projections anticipate an increase of 55,000 jobs for August.

    Why it matters

    Inflationary pressures have intensified across the United States economy due to geopolitical conflict and prospective trade barriers. The conflict with Iran continues to drive volatility in oil prices, forcing financial markets to reevaluate the path of interest rates. Simultaneously, proposed trade restrictions on major technology manufacturers elevate concerns regarding consumer goods pricing and supply chain stability.

    What is confirmed

    • US consumer confidence hit a seven-month low of 89.4 in August according to the Conference Board.
    • U.S. 10-year Treasury yields hit a 34-month high as Commerce Secretary Lutnick signaled targeted chip tariffs on Samsung Electronics and SK hynix.
    • Florida consumer sentiment fell to 67.4 in August, marking a 1.9 point drop from a revised July reading of 69.3.

    Still unconfirmed

    • August US nonfarm payrolls are expected to rise by 55,000 following a 23,000-jobs decline in July.

    What to watch next

    • Federal Reserve policy decisions regarding interest rates in response to energy price shocks.
    • The official August US nonfarm payrolls and unemployment rate report.
    Sources used for this update (6)
    1. jen.jiji.com β€” Venice Film Festival, Giffoni Innovation Hub at the Lido: 5 days of meetings, screenings, and talks
    2. myfox28columbus.com β€” Iran war is testing how long the Fed can look past higher energy prices
    3. en.sedaily.com β€” Chip Tariff Threat Adds to Inflation Fears as Yields Near 5%
    4. jen.jiji.com β€” The 'Antonelli pizza' arrives in Monza: special gift for the driver at the Italian Grand Prix
    5. jen.jiji.com β€” Rome, today the last farewell to journalist Daniele Compatangelo: on the 5th, the burial in Sauze di Cesana
    6. finance.yahoo.com β€” August US Nonfarm Payrolls Expected to Rise by 55,000, Unemployment Rate Seen Remaining at 4.1%
    confidence 100%

  14. Florida consumer sentiment declines for sixth straight month

    Florida consumer sentiment fell to 67.4 in August, marking a 1.9 point drop from a revised July reading of 69.3. This represents the sixth consecutive monthly decline for the state. This regional downturn mirrors broader national trends reported by the Conference Board, where US consumer confidence hit a seven-month low of 89.4 in August. While national consumers view the job market favorably, they remain pessimistic about the economy over the next six months, driven by rising inflation and high gas prices.

    Why it matters

    Regional sentiment data from Florida provides a specific look at how economic pressures are affecting a key state. The national trend follows a July PCE inflation rate of 3.7%. These metrics help gauge the impact of inflation on household spending and future economic expectations.

    What is confirmed

    • Florida consumer sentiment declined for the sixth consecutive month to 67.4 in August.
    • The August sentiment reading in Florida was 1.9 points lower than the revised July figure of 69.3.
    • US consumer confidence fell to 89.4 in August, the lowest level in seven months.

    What to watch next

    • September PCE inflation data
    • Next Conference Board consumer confidence report
    Sources used for this update (9)
    1. jen.jiji.com β€” US Open, Djokovic and physical problems: vomiting and inhaler on court - Video
    2. jen.jiji.com β€” Alcaraz, his new look makes New York 'fall in love': "Don't cut your hair" - Video
    3. baltimoresportsandlife.com β€” 2026 College Football: Week 1 Preview
    4. jen.jiji.com β€” US Open, third day: from Musetti to Cobolli, schedule and where to watch them on TV
    5. jen.jiji.com β€” USA, Las Vegas court declares Duane β€˜Keffe D’ guilty of Tupac Shakur murder
    6. jen.jiji.com β€” USA, Bank of America Vice President is the woman stabbed to death in Times Square
    7. www.afr.com β€” ASX to fall; oil spikes higher; global bonds selloff anew
    8. jen.jiji.com β€” Earthquake in Tuscany, magnitude 3.2 tremor in the province of Lucca
    9. news.ufl.edu β€” Floridians become more cautious as economic outlook weakens in August
    confidence 100%

  15. US Consumer Confidence Hits Seven-Month Low in August

    US consumer confidence fell to 89.4 in August, the lowest level in seven months according to the Conference Board. High gas prices and rising inflation drove the decline. While consumers view the job market more favorably, they remain pessimistic about the economic outlook for the next six months. This downturn follows a July PCE inflation rate of 3.7%.

    Why it matters

    Consumer confidence serves as a primary indicator of household spending intentions. Prolonged inflation and energy costs typically reduce discretionary spending. This trend suggests a widening gap between employment stability and the actual cost of living.

    What is confirmed

    • The Conference Board reported US consumer confidence dropped to 89.4 in August.
    • August confidence levels represent the lowest point in seven months.
    • July PCE inflation stood at 3.7%.

    What to watch next

    • September consumer confidence report from the Conference Board
    • Upcoming PCE inflation data for August
    Sources used for this update (5)
    1. www.sandiegouniontribune.com β€” San Diego Union-Tribune
    2. abcnews.com β€” Political News
    3. jen.jiji.com β€” Vuelta a EspaΓ±a, today ninth stage: schedule, route and where to watch it
    4. jen.jiji.com β€” Ukraine-Russia, Putin's new plan: ground operations against Kyiv and Chernihiv
    5. seekingalpha.com β€” LATEST FINANCIAL STOCKS AND REIT ANALYSIS
    confidence 100%

  16. US consumer confidence falls in August

    US consumer confidence dropped to 89.4 in August, driven by high gas prices and rising inflation. Consumers remain pessimistic about the next six months despite improved perceptions of the job market. This decline occurs amid rising inflation, with July PCE inflation at 3.7%. The Conference Board reported this as the lowest level in seven months.

    Why it matters

    The decline in consumer confidence is significant as it may impact economic growth and consumer spending. Rising inflation and high gas prices are major concerns for consumers. The Federal Reserve has been monitoring inflation and may consider rate hikes to control it. The University of Michigan survey also found that consumer sentiment fell in August.

    What is confirmed

    • US consumer confidence dropped to 89.4 in August
    • July PCE inflation was 3.7%
    • Consumer sentiment fell in August for the first time in three months
    • Expectations for inflation in the year ahead eased

    Still unconfirmed

    • Hackers demand ransom from Manchester Airports Group

    What to watch next

    • Federal Reserve Chairman Kevin Warsh's speech at Jackson Hole
    • US inflation rate for August
    • Consumer confidence surveys for September
    Sources used for this update (11)
    1. jen.jiji.com β€” Sinner visits Juve, meets Spalletti - Video
    2. jen.jiji.com β€” Milan, illnesses due to fumes in pharmaceutical company: 85 evacuated, 3 hospitalized
    3. jen.jiji.com β€” Girl dies of diphtheria in Palermo: autopsy underway
    4. economictimes.indiatimes.com β€” Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US markets turn green after Fed chief Warsh's speech at Jackson Hole
    5. jen.jiji.com β€” Cyberattack on UK airports, hackers demand ransom
    6. www.ocregister.com β€” Californians gain economic confidence as pessimism rises nationally
    7. www.usatoday.com β€” Consumer sentiment down in August, University of Michigan survey finds
    8. jen.jiji.com β€” "Take us to Ballando": the appeal of Pasquale and Elisa, the viral dancers of Rome
    9. www.cnbctv18.com β€” Full text of Federal Reserve Chairman Kevin Warsh; signals rate hikes may be needed with US inflation
    10. finance.yahoo.com β€” US Consumer Sentiment Drops, Year-Ahead Inflation Views Improve
    11. jen.jiji.com β€” Trains, circulation suspended in Verona hub due to bad weather damage
    confidence 75%

  17. US consumer confidence falls in August

    US consumer confidence dropped to 89.4 in August, driven by high gas prices and rising inflation. The Conference Board reported this as the lowest level in seven months. Consumers remain pessimistic about the next six months despite improved perceptions of the job market. This decline occurs amid rising inflation, with July PCE inflation at 3.7%.

    Why it matters

    The decline in consumer confidence reflects growing concerns about the economic outlook. High gas prices and inflation are key factors influencing consumer sentiment. The Conference Board's report provides insight into consumer attitudes, which can impact economic growth. The US economy has been experiencing a slowdown, and consumer spending is a significant contributor to GDP.

    What is confirmed

    • US consumer confidence fell to 89.4 in August, the lowest level in seven months.
    • July PCE inflation hit 3.7%.
    • Consumers remain pessimistic about the next six months.

    What to watch next

    • July PCE inflation rate details
    • August job market data
    • Consumer spending trends
    Sources used for this update (6)
    1. ny1.com β€” 1 dead, 14 hurt in fire at Bronx building, FDNY says
    2. www.commondreams.org β€” Statement on 29 States Settling Lawsuit with Meta
    3. www.commondreams.org β€” Voting Rights Groups Move to Block Newly-Finalized Mail Ballot Rule
    4. www.cnbc.com β€” Stock futures rise as Nvidia shares gain over 4% after earnings: Live updates
    5. finance.yahoo.com β€” Finland's consumer confidence highest since February 2022
    6. jen.jiji.com β€” Businesses, Indramind Cybersecurity strengthens protection of Arvedi group with security service
    confidence 90%

  18. US Consumer Confidence Hits Seven-Month Low in August

    US consumer confidence fell to 89.4 in August, the lowest level in seven months, according to the Conference Board. High gas prices exceeding $4 per gallon drove the decline and dampened the economic outlook. While perceptions of the job market improved, consumers remain pessimistic about the next six months. This drop in sentiment occurs alongside rising inflation, with July PCE inflation hitting 3.7% as beef prices surged 20%.

    Why it matters

    Consumer confidence serves as a primary indicator of future household spending and overall economic health. Persistent energy costs and food inflation are currently offsetting gains in employment perceptions. These trends arrive as the US approaches midterm elections.

    What is confirmed

    • US consumer confidence fell to a seven-month low in August.
    • The Conference Board reported that US consumer sentiment declined in August.
    • Gas prices remained above $4 per gallon.

    Still unconfirmed

    • US consumer confidence fell to 89.4 in August.
    • July PCE inflation rose 3.7% as beef prices jumped 20%.
    • President Trump waived ground beef tariffs ahead of the midterms.
    • Job perceptions improved despite the fall in overall confidence.

    What to watch next

    • Next Conference Board consumer confidence report
    • September PCE inflation data
    • Midterm election results
    Sources used for this update (7)
    1. Bloomberg β€” US Consumer Confidence Hits Seven-Month Low on Worse Outlook
    2. WSJ β€” U.S. Consumer Sentiment Fell in August, Conference Board Says
    3. Reuters β€” US consumer confidence falls in August, Conference Board says
    4. AP News β€” US consumer confidence falls to lowest level in 7 months with gas stuck above $4
    5. marketplace.org β€” Consumers are pessimistic about the next six months
    6. www.briefs.co β€” Fuel Prices Drive Consumer Confidence to Seven-Month Low
    7. en.sedaily.com β€” Beef Prices Jump 20% as U.S. Inflation Squeezes Trump Ahead of Midterms
    confidence 80%
πŸ“Š

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