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Wednesday, Aug 17, 2022
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Consumer trust hits 16-year low

A June drop in U.S. consumer confidence was sharper than expected, sinking to its lowest level in more than 16 years, a private industry group said. The report Tuesday also said consumers’ expectations hit an all-time low as home prices tumbled while gasoline and food prices rose. A separate report said that U.S. home prices tumbled in April at the fastest rate since a widely followed index was begun in 2000, with all 20 metropolitan areas surveyed posting annual declines for the first time. For the full story visit http://www.dailynews.com/ci_9686481

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