Business

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