Consumer Confidence, Spending Cuts | featured news

US consumer confidence falls on fiscal cliff fears

Fiscal Cliff

U.S. consumer confidence tumbled in December, driven lower by fears of sharp tax increases and government spending cuts set to take effect next week.

 

August retail sales unchanged from July

Growth in retail sales stalled in August after a pitched battle over spending in Congress led consumer confidence to crumble, data showed on Wednesday.

 

Subscribe to this RSS topic: Syndicate content