Consumer confidence tumbles in August amid higher interest rates

By Zach Halaschak

Published August 29, 2023 8:26pm ET

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Consumer confidence tumbles in August amid higher interest rates — This month, consumer confidence fell more than expected as higher prices and higher interest rates make life less affordable. The Conference Board, a nonprofit organization that publishes multiple indicators, announced Tuesday that the Consumer Confidence Index was at 106.1 for August, a notable decline from the downwardly revised 114 notched in July. BOOSTERS, FENCERS, AND […]

This month, consumer confidence fell more than expected as higher prices and higher interest rates make life less affordable.

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Consumers Inflation Interest Rates