Summary
People in the U.S. felt less confident about the economy in December. This decrease in confidence is linked to concerns about high prices and tariffs, which are taxes on goods coming into the country.
Key Facts
- The consumer confidence index dropped by 3.8 points in December.
- The new confidence level is 89.1, down from 92.9 in November.
- November's consumer confidence index was adjusted higher than initially reported.
- December's confidence level is similar to April's level of 85.7.
- The decrease in confidence is partly due to concerns about tariffs introduced by President Trump.
- These tariffs affect goods imported into the U.S. from other countries.
