The Conference Board Consumer Confidence Index fell 1.3 points in August to 97.4 from 98.7 in July.
The Present Situation Index slipped to 131.2, while the Expectations Index eased to 74.8, below the 80 threshold that often signals recession.
Confidence dropped among under-35s, stayed steady for 35–55s, and rose for over-55s.
Recession fears rose to their highest level since April.
The Present Situation Index slipped to 131.2, while the Expectations Index eased to 74.8, below the 80 threshold that often signals recession.
Confidence dropped among under-35s, stayed steady for 35–55s, and rose for over-55s.
Recession fears rose to their highest level since April.
