American consumers in December remained downbeat about the state of the economy, a new survey shows. The Conference Board, a nonprofit group representing businesses, said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December, from November's upwardly revised reading of 92.9. The latest figures are close to the group's reading in April, when President Trump announced tariffs on dozens of U.S. trading partners.
Main Idea: U.S. consumer confidence fell again in December, even though the economy was still growing quickly.
Key Points:
Lower consumer confidence can make households spend less, which may slow local sales, hiring, and overall growth.
No clear positive impact identified.
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