Washington, September 26, 2023, Consumers in the United States became more pessimistic about the future in September as they continued to anticipate that interest rates would stay high for a prolonged period of time. The Conference Board, a company that does business research, reported on Tuesday that its consumer-confidence index decreased from 108.7 in August to 103 in September. Analysts anticipated a more modest decline. Consumers' perception of the state of the economy improved marginally in September, rising to 147 from 146.7 the previous month.
But from 83.3 in August, the index that gauges expectations for the future fell to 73.7 this month. Readings under 80 traditionally indicate a recession will start within a year.
