The Conference Board released a report on Tuesday unexpectedly showing a significant deterioration in U.S. consumer confidence in the in the month of January.
The Conference Board said its consumer confidence index plummeted to 84.5 in January from an upwardly revised 94.2 in December.
Economists had expected the consumer confidence index to inch up to 90.0 from the 89.1 originally reported for the previous month.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.