Reflecting a sharp decline in expectations, the Conference Board released a report on Tuesday showing a much bigger than expected drop in U.S. consumer confidence in the month of January.
The Conference Board said its consumer confidence index slumped to 120.2 in January after tumbling to a revised 126.6 in December.
Economists had expected the consumer confidence index to fall to 124.3 from the 128.1 originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.