American attitudes about the economy are the worst in 12 years, signaling recession could be near

Quick Summary:

U.S.consumer confidence fell for the fourth straight month as Americans' anxiety about their financial futures declined to a 12-year low.

Consumers appeared increasingly confident heading into the end of 2024 and spent generously during the holiday season.However, U.S.retail sales dropped sharply in January, with cold weather taking some of the blame.

Consumer spending accounts for about two-thirds of U.S.economic activity and is closely watched by economists for signs about how the American consumer is feeling.

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Article Details

Author / Journalist: The Associated Press, Matt Ott

Category: EconomyBusiness

Markets: United States

Topics: Recession Consumer Confidence Tariffs and trade Inflation Economy Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 15:37:56 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 103 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27331513

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 39 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #95

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